Everyone's chasing the $BTW bounce. I'm watching for a trap on the other side ๐
While the crowd piles into longs hoping for a bounce, the setup here is actually pointing the other way.
๐ Entry: 0.09230 โ 0.09416
๐ Stop Loss: 0.11055
๐ฏ Target 1: 0.08024
๐ฏ Target 2: 0.07157
๐ฏ Target 3: 0.05858
The bigger structure is still leaning down, price is stuck in a range and reacting right at this zone. Momentum still has room to push lower without being stretched too thin, and volume's running more than double what's normal โ real selling pressure, not just noise.
Bullish or bearish here? Drop your take and I'll reply below ๐
$BTW
While the crowd piles into longs hoping for a bounce, the setup here is actually pointing the other way.
๐ Entry: 0.09230 โ 0.09416
๐ Stop Loss: 0.11055
๐ฏ Target 1: 0.08024
๐ฏ Target 2: 0.07157
๐ฏ Target 3: 0.05858
The bigger structure is still leaning down, price is stuck in a range and reacting right at this zone. Momentum still has room to push lower without being stretched too thin, and volume's running more than double what's normal โ real selling pressure, not just noise.
Bullish or bearish here? Drop your take and I'll reply below ๐
$BTW
