🔥 BITWAY (BTW) SOARS 26%+! CAN IT CLIMB HIGHER OR IS A CORRECTION AHEAD?
This morning, Bitway (BTW) caught traders’ attention. The sharp rise creates opportunities, but the risk of buying at the top is also growing!
📊 MARKET SNAPSHOT
- 💰 Reference price: $2,44
- 📈 24-hour change: +26,68%
- 🔥 24-hour volume: around $43 million
- 🎯 Latest reported ATH: around $2,74
Price and volume data are from a snapshot taken on October 18 at around 07:15 WIB.
🎯 BTW TECHNICAL LEVELS
- Support: $2,35–$2,40
- Strong support: $2,20–$2,25
- Resistance: $2,60–$2,65
- Major resistance: $2,74
📈 Indicator: Daily RSI is around 72, indicating overbought conditions. Momentum remains strong, but be mindful of potential profit-taking and a correction.
🟢 BULLISH SCENARIO
- Entry: $2,40–$2,48 if a confirmed bounce appears.
- Alternative: a breakout above $2,65 accompanied by strong volume, then enter after a successful retest.
- TP1: $2,60
- TP2: $2,74
- Invalidation: price drops below $2,32.
🔴 BEARISH SCENARIO
- Entry: after the price breaks below $2,35 and fails to reclaim it.
- TP1: $2,25
- TP2: $2,10
- Invalidation: price holds back above $2,48.
⚠️ Don’t FOMO! Wait for candle and volume confirmation, use a stop-loss, and adjust your position size to match your risk tolerance. These levels are technical scenarios, not a guarantee of profit.
💬 Do you think BTW can break through $2,74 and set a new ATH, or will it correct instead?
$BTW
#BTW #Bitway #CryptoAnalysis #Altcoin #BinanceSquare
This morning, Bitway (BTW) caught traders’ attention. The sharp rise creates opportunities, but the risk of buying at the top is also growing!
📊 MARKET SNAPSHOT
- 💰 Reference price: $2,44
- 📈 24-hour change: +26,68%
- 🔥 24-hour volume: around $43 million
- 🎯 Latest reported ATH: around $2,74
Price and volume data are from a snapshot taken on October 18 at around 07:15 WIB.
🎯 BTW TECHNICAL LEVELS
- Support: $2,35–$2,40
- Strong support: $2,20–$2,25
- Resistance: $2,60–$2,65
- Major resistance: $2,74
📈 Indicator: Daily RSI is around 72, indicating overbought conditions. Momentum remains strong, but be mindful of potential profit-taking and a correction.
🟢 BULLISH SCENARIO
- Entry: $2,40–$2,48 if a confirmed bounce appears.
- Alternative: a breakout above $2,65 accompanied by strong volume, then enter after a successful retest.
- TP1: $2,60
- TP2: $2,74
- Invalidation: price drops below $2,32.
🔴 BEARISH SCENARIO
- Entry: after the price breaks below $2,35 and fails to reclaim it.
- TP1: $2,25
- TP2: $2,10
- Invalidation: price holds back above $2,48.
⚠️ Don’t FOMO! Wait for candle and volume confirmation, use a stop-loss, and adjust your position size to match your risk tolerance. These levels are technical scenarios, not a guarantee of profit.
💬 Do you think BTW can break through $2,74 and set a new ATH, or will it correct instead?
$BTW
#BTW #Bitway #CryptoAnalysis #Altcoin #BinanceSquare