It looks like the recent price movement of WET has already reached its peak.
The recent trend of $WET shows a significant increase, but this position is indeed a bit precarious. It is a typical top-fishing pattern—volume is starting to shrink, yet the price is reluctant to continue breaking through. Traders should pay attention to this signal.
If the subsequent rebound is weak, then this high point is likely to be a temporary ceiling. On the contrary, if it can break through with increased volume, then it would be a different story. For now, let's see how the market performs.
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LeaveMeACommentWith
· 12h ago
Did it rebound from the bottom??
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NotGonnaMakeIt
· 13h ago
Are we shorting at the highest price again? This coin always does this, I'm tired of the act of shrinking volume and not falling price.
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GasBankrupter
· 13h ago
The shrinking volume signal is indeed not very good, and another opportunity to chase the price and get trapped has come.
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VCsSuckMyLiquidity
· 13h ago
I don't even look at charts anymore, just going all in on a short order, anyway this broken thing WET will drop sooner or later.
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MEVvictim
· 13h ago
Hmm... I also see the signal of shrinking volume, the position of WET is indeed dangerous.
It’s always like this, when it rushes to the top, it starts to get timid.
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BugBountyHunter
· 13h ago
The volume is shrinking while the price doesn't fall, that's the real danger... WET really can't move at this position.
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OnchainSniper
· 13h ago
I've been watching this signal of shrinking volume for a while, and it feels like WET is about to turn around.
It looks like the recent price movement of WET has already reached its peak.
The recent trend of $WET shows a significant increase, but this position is indeed a bit precarious. It is a typical top-fishing pattern—volume is starting to shrink, yet the price is reluctant to continue breaking through. Traders should pay attention to this signal.
If the subsequent rebound is weak, then this high point is likely to be a temporary ceiling. On the contrary, if it can break through with increased volume, then it would be a different story. For now, let's see how the market performs.