📊 $WET Technical Analysis & Setup
$WET recently swept below 0.05622 on an 11.1% drop, successfully fueling the 1h uptrend higher-low structure after grabbing liquidity. While daily and weekly structures remain bearish, this local sweep and reclaim signal potential counter-trend continuation.
• Key Support / Demand: 0.0548, 0.0562 zone, with major protection at 0.05160
• Resistance / Supply Targets: 0.05822, 0.05982, and 0.06136 swing-high liquidity
• Trigger / Confirmation: Volume expansion, a clean market structure shift higher, and a solid hold above the 0.05622 sweep level
• Risk / Invalidation: A 1h close below the 0.05160 higher low flips bias to bearish
• Market Execution: Open interest at $2.4M (+8.9% 24h) with taker flow leaning buy-side and funding at -0.0720% supporting longs
DYOR — Educational setup, not financial advice.
#BinanceSquare #Crypto #WET #Trading
$WET recently swept below 0.05622 on an 11.1% drop, successfully fueling the 1h uptrend higher-low structure after grabbing liquidity. While daily and weekly structures remain bearish, this local sweep and reclaim signal potential counter-trend continuation.
• Key Support / Demand: 0.0548, 0.0562 zone, with major protection at 0.05160
• Resistance / Supply Targets: 0.05822, 0.05982, and 0.06136 swing-high liquidity
• Trigger / Confirmation: Volume expansion, a clean market structure shift higher, and a solid hold above the 0.05622 sweep level
• Risk / Invalidation: A 1h close below the 0.05160 higher low flips bias to bearish
• Market Execution: Open interest at $2.4M (+8.9% 24h) with taker flow leaning buy-side and funding at -0.0720% supporting longs
DYOR — Educational setup, not financial advice.
#BinanceSquare #Crypto #WET #Trading
