🔥$GWEI is sitting on support!🚀
Bounce incoming? 🚀
Or breakdown to lower levels? 📉
Decision time ⏳
Price is currently sitting right on a rising support trendline after a prolonged downtrend and consolidation phase.
📉 Market Structure:
Strong sell-off from the 0.045 area
Consolidation between 0.025 – 0.030
Ascending trendline forming higher lows
📍 Current Price: 0.02669
Price is reacting directly off trendline support.
🔎 What I’m Watching:
✅ Bullish Scenario:
If buyers defend this level, we could see a move back toward 0.029 – 0.030 resistance zone.
❌ Bearish Scenario:
A clean break and 3H close below the trendline could open the door toward 0.023 – 0.020 support.
💡 Trading Plan Idea:
Wait for confirmation (strong bullish candle / rejection wick)
Don’t chase — let price confirm direction
Always manage risk ⚠️
This is a key decision area. Break or bounce? 👀
