What happens after all this fluctuation in the $BTW coin near its resistance of $1.5—will it inevitably drop? Because technically it is approaching a decline, or could it repeat what happened in last July? Back then it was fluctuating near its resistance of $0.205; the drop was closer, but then it exploded upward and our trades closed with a loss 👇
In short, what we had with it back then was that its move was sudden and it went against our analysis, and our trades closed with a loss because it was a sell trade and selling is difficult to protect against it. Now the stop-loss is in place for those thinking of entering it with a sell at $1.5—it’s mandatory even though technically it’s bearish, but the winds may come with whatever the ships desire 👇
In short, what we had with it back then was that its move was sudden and it went against our analysis, and our trades closed with a loss because it was a sell trade and selling is difficult to protect against it. Now the stop-loss is in place for those thinking of entering it with a sell at $1.5—it’s mandatory even though technically it’s bearish, but the winds may come with whatever the ships desire 👇
