$WET / USDT – Long Liquidation Signals Fragile Momentum
WET experienced a $1.7708K long liquidation at $0.04979. The forced closure of bullish positions may increase short-term selling pressure, especially if buyers are already struggling to maintain support.
Potential Entry Zone: $0.0493–$0.0500
Upside Targets: $0.0505 / $0.0515
Downside Targets: $0.0489 / $0.0482
Protective Stop-Loss: Below $0.0488 for a long setup
Short-Term Bias: Neutral to bearish
If price reclaims $0.0500 and holds above it, a rebound could develop. Failure to maintain support would favor a more cautious outlook.
#BinancePick
#EarningsSeason
#DowDrops653Points
WET experienced a $1.7708K long liquidation at $0.04979. The forced closure of bullish positions may increase short-term selling pressure, especially if buyers are already struggling to maintain support.
Potential Entry Zone: $0.0493–$0.0500
Upside Targets: $0.0505 / $0.0515
Downside Targets: $0.0489 / $0.0482
Protective Stop-Loss: Below $0.0488 for a long setup
Short-Term Bias: Neutral to bearish
If price reclaims $0.0500 and holds above it, a rebound could develop. Failure to maintain support would favor a more cautious outlook.
#BinancePick
#EarningsSeason
#DowDrops653Points