BTW Long Setup: Resistance Broken & Buyers Taking Control
$BTW has broken through its local resistance and is now holding strong around $1.1335!
The most interesting part is that, according to the Smart Traders Overview, over 77% of long traders are in profit, while short sellers are facing massive losses of more than $2.5M.
Why We Are Going LONG:
Technical Breakout: Price is holding well above EMA(20) at $1.091 and EMA(50) at $1.056, showing strong bullish momentum.
RSI Strength: RSI is above 71, indicating strong buying pressure and positive momentum.
Short Squeeze Potential: Many short sellers appear to be under pressure. If buying momentum continues, a short squeeze could push the price toward our targets quickly.
Trade Setup & Plan:
Entry Price $1.10–$1.13
Stop Loss $0.98
Take Profit Targets
TP1: $1.16
TP2: $1.20
TP3: $1.25
$BTW has broken through its local resistance and is now holding strong around $1.1335!
The most interesting part is that, according to the Smart Traders Overview, over 77% of long traders are in profit, while short sellers are facing massive losses of more than $2.5M.
Why We Are Going LONG:
Technical Breakout: Price is holding well above EMA(20) at $1.091 and EMA(50) at $1.056, showing strong bullish momentum.
RSI Strength: RSI is above 71, indicating strong buying pressure and positive momentum.
Short Squeeze Potential: Many short sellers appear to be under pressure. If buying momentum continues, a short squeeze could push the price toward our targets quickly.
Trade Setup & Plan:
Entry Price $1.10–$1.13
Stop Loss $0.98
Take Profit Targets
TP1: $1.16
TP2: $1.20
TP3: $1.25
