$BTW is on my RADAR now for big crash 🚨🚩
It's up more than 30% today and the move is starting to look stretched.
The 4H structure is still bullish, so I’m not calling the top here. But after such a fast move from around $0.56 to almost $0.98, fresh longs are entering very late and the market is becoming crowded on one side.
Price is also sitting close to the $0.98–$1.00 area, which is an obvious psychological and technical resistance zone. If BTW fails to hold these highs, even normal profit-taking could turn into a sharp pullback because of the amount of late leverage entering after the pump.
For me, this is not the place to chase.
I would rather wait for either a clean breakout and retest above $1.00, or a proper pullback before considering another long.
It will give a big crash very soon ..So don't chase long here and Start planning short ..
I will update on time
Follow @Panda Traders
#BTW
It's up more than 30% today and the move is starting to look stretched.
The 4H structure is still bullish, so I’m not calling the top here. But after such a fast move from around $0.56 to almost $0.98, fresh longs are entering very late and the market is becoming crowded on one side.
Price is also sitting close to the $0.98–$1.00 area, which is an obvious psychological and technical resistance zone. If BTW fails to hold these highs, even normal profit-taking could turn into a sharp pullback because of the amount of late leverage entering after the pump.
For me, this is not the place to chase.
I would rather wait for either a clean breakout and retest above $1.00, or a proper pullback before considering another long.
It will give a big crash very soon ..So don't chase long here and Start planning short ..
I will update on time
Follow @Panda Traders
#BTW
