$BWET / USDT – Can Sellers Extend the Weakness?
BWET registered approximately $1.128K in long liquidations around $767.34244. This indicates that some leveraged buyers were forced out, potentially adding downward pressure. However, the relatively small liquidation amount does not establish a strong trend by itself.
The immediate focus should be whether price can recover above the liquidation area or continues to face rejection. A weak recovery could favor sellers, while a strong reclaim would reduce the bearish case.
Potential Entry Zone for Sellers:
$765 – $769
Downside Targets:
- Target 1: $758
- Target 2: $750
- Extended Target: $738
Protective Zone:
Stop-Loss: $778
A move above this level would invalidate the proposed short setup.
Market Bias: Neutral to Bearish
The liquidation signal leans bearish, but confirmation is especially important because the print is relatively small. Verify the instrument's live price and liquidity before using these levels.
#EarningsSeason #MuskReportedlyOrderedStarlinkSlowdownInUkraine #110AutomatedWalletsGenerate99.6%OfRLUSDPayments
BWET registered approximately $1.128K in long liquidations around $767.34244. This indicates that some leveraged buyers were forced out, potentially adding downward pressure. However, the relatively small liquidation amount does not establish a strong trend by itself.
The immediate focus should be whether price can recover above the liquidation area or continues to face rejection. A weak recovery could favor sellers, while a strong reclaim would reduce the bearish case.
Potential Entry Zone for Sellers:
$765 – $769
Downside Targets:
- Target 1: $758
- Target 2: $750
- Extended Target: $738
Protective Zone:
Stop-Loss: $778
A move above this level would invalidate the proposed short setup.
Market Bias: Neutral to Bearish
The liquidation signal leans bearish, but confirmation is especially important because the print is relatively small. Verify the instrument's live price and liquidity before using these levels.
#EarningsSeason #MuskReportedlyOrderedStarlinkSlowdownInUkraine #110AutomatedWalletsGenerate99.6%OfRLUSDPayments