$BWET / USDT – Can Sellers Extend the Weakness?

BWET registered approximately $1.128K in long liquidations around $767.34244. This indicates that some leveraged buyers were forced out, potentially adding downward pressure. However, the relatively small liquidation amount does not establish a strong trend by itself.

The immediate focus should be whether price can recover above the liquidation area or continues to face rejection. A weak recovery could favor sellers, while a strong reclaim would reduce the bearish case.

Potential Entry Zone for Sellers:

$765 – $769

Downside Targets:

- Target 1: $758

- Target 2: $750

- Extended Target: $738

Protective Zone:

Stop-Loss: $778

A move above this level would invalidate the proposed short setup.

Market Bias: Neutral to Bearish

The liquidation signal leans bearish, but confirmation is especially important because the print is relatively small. Verify the instrument's live price and liquidity before using these levels.

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