$GWEI Massive Rejection Pulls Price From Extreme Highs.
SHORT $GWEI
Entry: 0.2000 - 0.2100
S.L: 0.2270
TP 1: 0.1850
TP 2: 0.1700
Full tp: 0.1500
Thesis:
$GWEI faces an aggressive sell-off following a sharp rejection at the 0.2500 peak, leading to large bearish distribution candles.
The rapid loss of upward momentum indicates that the impulsive surge has exhausted, opening the doors for sellers to drive the asset down to retest the 0.1184 major support floor.
SHORT $GWEI
Entry: 0.2000 - 0.2100
S.L: 0.2270
TP 1: 0.1850
TP 2: 0.1700
Full tp: 0.1500
Thesis:
$GWEI faces an aggressive sell-off following a sharp rejection at the 0.2500 peak, leading to large bearish distribution candles.
The rapid loss of upward momentum indicates that the impulsive surge has exhausted, opening the doors for sellers to drive the asset down to retest the 0.1184 major support floor.