$BTW drops 7.7% in 15 minutes on a 1.9x volume; is this a trap or a true capitulation? 🧵👇
The -7.7% dump with 1.72x volume appears to be a liquidity sweep into the most recent higher low at 0.36842 rather than a confirmed breakdown; the 15m structure is still bullish and is in line with daily + BTC, but the weekly is merely ranging, so this is not a counter-trend call.If the bounce holds, I anticipate a hold/reclaim initially, then a push toward 0.38515–0.41977, and finally 0.43188/0.47111.
#Coinupdate
The -7.7% dump with 1.72x volume appears to be a liquidity sweep into the most recent higher low at 0.36842 rather than a confirmed breakdown; the 15m structure is still bullish and is in line with daily + BTC, but the weekly is merely ranging, so this is not a counter-trend call.If the bounce holds, I anticipate a hold/reclaim initially, then a push toward 0.38515–0.41977, and finally 0.43188/0.47111.
#Coinupdate