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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SybilAttackVictim
· 13h ago
It's another typical short at the highest price signal. I've already noticed the detail of shrinking volume; I'm just afraid that retail investors are still chasing the price.
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ClassicDumpster
· 14h ago
Here we go again? I noticed the shrinking volume long ago, just waiting to see who will catch a falling knife here.
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LeaveMeACommentWith
· 12-22 07:09
Did it rebound from the bottom??
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NotGonnaMakeIt
· 12-22 06:40
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
· 12-22 06:36
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
· 12-22 06:34
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
· 12-22 06:24
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
· 12-22 06:15
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
· 12-22 06:11
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.