Price has taken a strong pullback and is now trying to stabilize after heavy selling pressure. The recent drop looks more like a cooling phase than panic, and the market is starting to search for a short-term base.
1 Hour view On the 1H timeframe, price is moving sideways after the drop. Selling pressure is slowing down, which often hints at a short relief bounce. If buyers step in, a small recovery toward the recent intraday range is possible. Failure to hold this zone may lead to another short dip before any real bounce.
4 Hour view On the 4H chart, the trend is still weak, but momentum is no longer accelerating downward. This suggests the downside may be limited in the near term. A healthy scenario would be consolidation first, then a gradual move upward if volume improves.
Overall, WET/USDT looks like it’s in a cooling and stabilization phase. Short-term moves depend on how price reacts around the current base, while a stronger recovery needs confirmation on higher timeframes.
This is a personal market view, not financial advice.
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$WET WET/USDT Market View
Price has taken a strong pullback and is now trying to stabilize after heavy selling pressure. The recent drop looks more like a cooling phase than panic, and the market is starting to search for a short-term base.
1 Hour view On the 1H timeframe, price is moving sideways after the drop. Selling pressure is slowing down, which often hints at a short relief bounce. If buyers step in, a small recovery toward the recent intraday range is possible. Failure to hold this zone may lead to another short dip before any real bounce.
4 Hour view On the 4H chart, the trend is still weak, but momentum is no longer accelerating downward. This suggests the downside may be limited in the near term. A healthy scenario would be consolidation first, then a gradual move upward if volume improves.
Overall, WET/USDT looks like it’s in a cooling and stabilization phase. Short-term moves depend on how price reacts around the current base, while a stronger recovery needs confirmation on higher timeframes.
This is a personal market view, not financial advice.