$WET
Recent long liquidations at $0.0871 confirm that buyers were positioned too aggressively into local resistance and got forced out. This is a classic liquidity sweep above a minor intraday high, followed by rejection. The structure is currently corrective inside a broader short-term downtrend.
Trend analysis shows lower highs forming after the recent rejection near $0.0890–$0.0910. Momentum has shifted bearish on lower timeframes, with price struggling to reclaim the liquidation level. Liquidity now sits below $0.0840 and deeper around $0.0815, making downside continuation more probable before any sustainable bounce.
Key Resistance: $0.0885 – $0.0910
Key Support: $0.0840 – $0.0815
Bias: Bearish continuation
EP: $0.0865 – $0.0875
TP1: $0.0842
TP2: $0.0818
TP3: $0.0795
SL: $0.0908
Current trend remains weak with clear lower high formation.
Momentum favors sellers as liquidated longs reduce immediate buy pressure.
Liquidity rests below support, increasing probability of a downside sweep toward targets.
