$GWEI USDT — Perp Market Overview
Price action is locked in a choppy consolidation after failing to sustain momentum above the 0.03197 supply peak. Multiple rejections from the upper band triggered a gradual corrective drift, sweeping liquidity toward the 0.0278 demand pocket where buyers stepped in.
Current structure shows range compression between 0.0285 support and 0.0303 resistance. Higher lows are attempting to form, but upside momentum remains capped until supply is reclaimed. Volume has tapered off — a signal that the market is coiling for its next directional expansion.
Holding above 0.0283 keeps recovery structure intact for a push back into mid-range liquidity. A decisive break above 0.0305 opens continuation toward range highs, while losing 0.0275 risks a deeper liquidity sweep before reversal.
Trade Plan
EP: 0.0287 – 0.0294
TP: 0.0308 / 0.0322
SL: 0.0274
Pro Traders Insight
Market is transitioning from correction into accumulation. Tight compression within a defined range often precedes volatility expansion. Watch for strong bullish candle closes with volume surge above 0.0305 — that’s the confirmation trigger for the next impulsive breakout leg.
