$GWEI Losing Momentum — Bears Preparing for a Breakdown
📉 Trade Setup: Entry: $0.1760 - $0.1790
Target 1: $0.1700
Target 2: $0.1620
Target 3: $0.1550
Stop Loss: $0.1845
Despite the recent bounce, $GWEI is showing signs of exhaustion near resistance. Buyers have failed to produce a strong continuation move, while selling pressure continues to increase around the current zone.
⚠️ Bearish Signals: • Lower highs are forming on lower timeframes
• Volume is fading during upward moves
• Rejection candles near resistance indicate seller activity
• Momentum indicators are starting to weaken
• A break below $0.1700 could trigger aggressive downside acceleration
As long as price remains below the $0.1800 resistance area, bears maintain the advantage. If support fails, a sharp move toward lower targets becomes increasingly likely.
🐻 Trend remains vulnerable — manage risk and watch for confirmation before entering.
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