Today im feeling pretty drained ngl trading $GWEI this week was an absolute roller coaster ride.
Watched it pump super hard early on but then it got rejected right at local resistance.
Taking that early stop loss on my long entry hurt but at least it kept me protected from the bigger dump.
Looking at the charts rn volume is fading and the RSI is showing a hidden bearish divergence.
The price action made lower highs after that fake breakout and buyers just cant seem to hold support.
Not saying it cant recover but to me it looks like whales are quietly selling into this weak bounce.
Instead of revenge trading this choppy
market im playing it safe and waiting for clear confirmation.
Always manage your risk tightly and stay safe out there fam.
Watched it pump super hard early on but then it got rejected right at local resistance.
Taking that early stop loss on my long entry hurt but at least it kept me protected from the bigger dump.
Looking at the charts rn volume is fading and the RSI is showing a hidden bearish divergence.
The price action made lower highs after that fake breakout and buyers just cant seem to hold support.
Not saying it cant recover but to me it looks like whales are quietly selling into this weak bounce.
Instead of revenge trading this choppy
market im playing it safe and waiting for clear confirmation.
Always manage your risk tightly and stay safe out there fam.