$BTW Positioning ratio: 60% short / 40% long
· Why 60% short: The short-term market structure has been broken. The sharp decline and significant liquidation of open interest indicate that bullish positions have been severely weakened. Until the price moves back above the EMA 9 (2.40), the path of least resistance is currently downward or sideways. The recent rebound looks like a dead cat bounce.
· Why 40% long: The macro trend is still technically upward, and the price is currently at a key support level (EMA 21 and the 2.12 low). If this support holds, it could form a higher low and resume the broader uptrend.
$BTW Short scenario (sell on a rebound into resistance)
· Short entry: 2.45 - 2.50
· Stop-loss: Above 2.58
· Take profit 1: 2.15 (recent swing low)
· Take profit 2: 1.92 (next major support level)
$BTW Long scenario (buy on a bounce from support or a breakout)
· Condition: The price falls to the strong support zone at 2.10 - 2.15 and shows signs of forming a bottom
· Stop-loss: Below 2.07
· Take profit: 2.45
Support me by trading here 👇#btw #bitway
· Why 60% short: The short-term market structure has been broken. The sharp decline and significant liquidation of open interest indicate that bullish positions have been severely weakened. Until the price moves back above the EMA 9 (2.40), the path of least resistance is currently downward or sideways. The recent rebound looks like a dead cat bounce.
· Why 40% long: The macro trend is still technically upward, and the price is currently at a key support level (EMA 21 and the 2.12 low). If this support holds, it could form a higher low and resume the broader uptrend.
$BTW Short scenario (sell on a rebound into resistance)
· Short entry: 2.45 - 2.50
· Stop-loss: Above 2.58
· Take profit 1: 2.15 (recent swing low)
· Take profit 2: 1.92 (next major support level)
$BTW Long scenario (buy on a bounce from support or a breakout)
· Condition: The price falls to the strong support zone at 2.10 - 2.15 and shows signs of forming a bottom
· Stop-loss: Below 2.07
· Take profit: 2.45
Support me by trading here 👇#btw #bitway