Could a dump be coming — or is $BTW hunting liquidity first?
$BTW had a massive vertical run, followed by a sharp rejection from $0.78and is now consolidating around $0.40–$0.50.
This structure is important.
Price is making lower highs after the spike, while liquidity remains around the recent highs. A sweep back toward $0.45–$0.50followed by rejection could trigger another leg down.
But if buyers reclaim $0.50and hold it, the bearish setup weakens and another push higher becomes possible.
The key level below is around $0.35.Losing that area could open the door for a deeper correction.
BitcoinFaces$6.4BOptionsExpiry
$BTW had a massive vertical run, followed by a sharp rejection from $0.78and is now consolidating around $0.40–$0.50.
This structure is important.
Price is making lower highs after the spike, while liquidity remains around the recent highs. A sweep back toward $0.45–$0.50followed by rejection could trigger another leg down.
But if buyers reclaim $0.50and hold it, the bearish setup weakens and another push higher becomes possible.
The key level below is around $0.35.Losing that area could open the door for a deeper correction.
BitcoinFaces$6.4BOptionsExpiry