$GWEI Quiet Accumulation or Just a Pause?
After a heavy sell-off, GWEI is now moving sideways on the 4H timeframe, forming a tight range between 0.026 and 0.028. Price is attempting to build a base, and volatility is clearly compressing.
And as we know compression often leads to expansion.
Right now, the key pivot level is 0.030. A clean breakout and hold above that level would signal a potential momentum shift and open room for upside continuation.
Trade idea:
Entry: 0.0280–0.0290
TP1: 0.0310
TP2: 0.0335
SL: 0.0262
On the flip side, if 0.026 breaks decisively with strong volume, downside pressure could accelerate and extend the move lower.
At the moment, structure is neutral-to-bullish inside the range. This is a waiting game. Let the breakout confirm direction don’t trade anticipation, trade confirmation.