$GWEI experienced a long liquidation event, triggering forced selling pressure as leveraged bullish positions were flushed from the market

The $1.22K liquidation highlights a leverage reset, increasing volatility and pushing price into a key demand zone where buyers will need to defend support

EP
0.1160 - 0.1200

TP
TP1 0.1230
TP2 0.1300
TP3 0.1400

SL
0.1120

Liquidity was swept below recent support levels, removing excess leverage and creating a healthier market environment

The selloff appears primarily driven by liquidation activity rather than a confirmed bearish trend reversal, making the current support region critical to monitor

As long as buyers continue defending the demand zone and begin forming higher lows, the potential for a recovery toward higher resistance levels remains favorable

A successful reclaim of 0.1230 could attract fresh momentum traders and open the path toward the next liquidity targets

The leverage reset has cleared weak hands from the market, and traders will be closely watching whether $GWEI can rebuild strength from current levels

Let’s go $GWEI ‌