$INTW has experienced a massive capitulation wave on the 4H timeframe, liquidating late buyers and driving price directly into deep value territory.
đ Technical Breakdown:
âą Current Price: $6.86
âą Fibonacci Levels: The severe flush has breached the 1.618 Fib extension ($11.96) and pushed cleanly past the 2.618 macro extension at $7.84, which is now acting as immediate overhead resistance.
âą Next Major Support: If the current level fails to form a solid bottoming structure, the next major macro target sits at the 3.618 Fib extension around $2.72.
đĄ Trading Strategy:
Aggressive Risk: Watch for a 4H candle close back above $7.84 to confirm a fakeout/deviation for a quick mean-reversion scalp.Conservative Risk: Wait for an extended accumulation base or falling wedge pattern to form before scaling into long positions. Keep risk strictly managed.
#INTWUSDT #cryptotrading #TechnicalAnalysis #BinanceSquare #Fibonacci
đ Technical Breakdown:
âą Current Price: $6.86
âą Fibonacci Levels: The severe flush has breached the 1.618 Fib extension ($11.96) and pushed cleanly past the 2.618 macro extension at $7.84, which is now acting as immediate overhead resistance.
âą Next Major Support: If the current level fails to form a solid bottoming structure, the next major macro target sits at the 3.618 Fib extension around $2.72.
đĄ Trading Strategy:
Aggressive Risk: Watch for a 4H candle close back above $7.84 to confirm a fakeout/deviation for a quick mean-reversion scalp.Conservative Risk: Wait for an extended accumulation base or falling wedge pattern to form before scaling into long positions. Keep risk strictly managed.
#INTWUSDT #cryptotrading #TechnicalAnalysis #BinanceSquare #Fibonacci
