$BTW/USDT: Could the Dump Not Be Over Yet 🔴
$BTW just went through a strong surge, but the most notable part to me is at the top region.
Price swept liquidity around 0.3285 and was rejected quite decisively. On the 15M timeframe, momentum is weakening while price still cannot reclaim this rejection zone.
More importantly, Longs are quite crowded after the big pump. If 0.3285 continues to act as resistance, then even a single strong breakdown candle could trigger a long-squeeze effect.
🎯 Short zone to watch: 0.3160–0.3220
🛑 SL: 0.3345
📉 TP1: 0.3060
📉 TP2: 0.2960
📉 TP3: 0.2840
The scenario I favor: don’t rush to catch the bottom when the structure hasn’t confirmed a reversal yet. If the selling side continues to control below 0.3285, downside pressure may still expand.
This is a reference scenario, not a definite signal. Capital management and invalidation points remain the top priority.
Click here to Trade 👇️
$BTW just went through a strong surge, but the most notable part to me is at the top region.
Price swept liquidity around 0.3285 and was rejected quite decisively. On the 15M timeframe, momentum is weakening while price still cannot reclaim this rejection zone.
More importantly, Longs are quite crowded after the big pump. If 0.3285 continues to act as resistance, then even a single strong breakdown candle could trigger a long-squeeze effect.
🎯 Short zone to watch: 0.3160–0.3220
🛑 SL: 0.3345
📉 TP1: 0.3060
📉 TP2: 0.2960
📉 TP3: 0.2840
The scenario I favor: don’t rush to catch the bottom when the structure hasn’t confirmed a reversal yet. If the selling side continues to control below 0.3285, downside pressure may still expand.
This is a reference scenario, not a definite signal. Capital management and invalidation points remain the top priority.
Click here to Trade 👇️