$BTW Looks like it may have trapped a lot of late buyers today…
The move was crazy. Price pushed hard, both sides got flushed, and now after all that volatility it’s back around the same area struggling to continue higher.
That rejection is the part I don’t want to ignore.
After a pump like this, you don’t necessarily need an instant dump. Once momentum starts dying, the people who chased the top can become the sellers themselves.
We caught the $QNT short almost perfectly from the top, and I’m seeing a chance for something similar on $BTW .
But I’m not treating this like an easy trade. $BTW is much more aggressive and can squeeze hard in either direction.
I’m taking the SHORT here.
TP: $1.10
SL: $1.46 👇🏻
If sellers really take control, there’s a lot of room underneath.
I’m taking the shot, but keeping the risk controlled.
Maybe the late buyers become the exit liquidity again.
The move was crazy. Price pushed hard, both sides got flushed, and now after all that volatility it’s back around the same area struggling to continue higher.
That rejection is the part I don’t want to ignore.
After a pump like this, you don’t necessarily need an instant dump. Once momentum starts dying, the people who chased the top can become the sellers themselves.
We caught the $QNT short almost perfectly from the top, and I’m seeing a chance for something similar on $BTW .
But I’m not treating this like an easy trade. $BTW is much more aggressive and can squeeze hard in either direction.
I’m taking the SHORT here.
TP: $1.10
SL: $1.46 👇🏻
If sellers really take control, there’s a lot of room underneath.
I’m taking the shot, but keeping the risk controlled.
Maybe the late buyers become the exit liquidity again.
