$BTW -5.2% Dump on 2.2x Volume: Capitulation or Clever Liquidity Trap?
My bias remains bullish. This sharp -5.2% flush with 2.2x volume looks more like a liquidity run into the 0.44427 higher-low zone than a confirmed trend reversal. The 1H, Daily, and BTC structures remain bullish, while the Weekly is still ranging.
I expect $BTW to sweep or slightly undercut 0.44427–0.44296 first, then reclaim momentum toward 0.51477 and the 0.52907 swing high. If that resistance breaks cleanly, the next stretch target sits around 0.58527.
Entry Zone: 0.445–0.430 after a confirmed sweep of 0.44427.
Wait for a 1H pin bar, bullish engulfing, or lower-timeframe market-structure shift before entering. Do not chase the dump.
Take-Profit: 0.51477 → 0.52907 → 0.58527
Invalidation: A 1H close below 0.44427 would weaken the bullish thesis and flip my bias bearish.
The key question: is $BTW clearing weak hands before the next leg up?
#BTW #CryptoTrading #Altcoins #Binance #TradingSignals
My bias remains bullish. This sharp -5.2% flush with 2.2x volume looks more like a liquidity run into the 0.44427 higher-low zone than a confirmed trend reversal. The 1H, Daily, and BTC structures remain bullish, while the Weekly is still ranging.
I expect $BTW to sweep or slightly undercut 0.44427–0.44296 first, then reclaim momentum toward 0.51477 and the 0.52907 swing high. If that resistance breaks cleanly, the next stretch target sits around 0.58527.
Entry Zone: 0.445–0.430 after a confirmed sweep of 0.44427.
Wait for a 1H pin bar, bullish engulfing, or lower-timeframe market-structure shift before entering. Do not chase the dump.
Take-Profit: 0.51477 → 0.52907 → 0.58527
Invalidation: A 1H close below 0.44427 would weaken the bullish thesis and flip my bias bearish.
The key question: is $BTW clearing weak hands before the next leg up?
#BTW #CryptoTrading #Altcoins #Binance #TradingSignals