$WET has rallied back into a key supply zone where sellers may step in and regain control of the price action.
Trading Plan – Short $WET Entry: 0.0580 – 0.0600 Stop Loss: 0.0640 Take Profit Targets: TP1: 0.0550 TP2: 0.0530 TP3: 0.0500
The recent rebound has pushed price back into a major resistance area that previously triggered strong selling pressure. The move higher still appears to be a corrective bounce within the broader bearish trend, while liquidity remains concentrated below the recent swing lows. If buyers fail to secure a breakout above resistance, the setup favors a bearish rotation toward the outlined take-profit targets.
Maintain disciplined risk management and follow the trading plan.