$BTW The pull was too aggressive in front; the top needle directly pinned all the chasing buyers on top. It feels like in the short term, it needs to pull back and digest first.
$BTW - Blank
Trading framework:
Entry: 0.662 - 0.675
Stop Loss (SL): 0.710
Target 1 (TP1): 0.580
Target 2 (TP2): 0.520
Target 3 (TP3): 0.460
Market analysis:
Today’s move is indeed extraordinary. That long upper wick at the high point indicates that sell pressure above was highly concentrated, and the capital that chased the rally is basically trapped at the summit. The current price is severely deviated from the short-term moving averages; the divergence rate has stretched too far. After such a rapid surge, it often needs a pullback to correct the indicators. As long as the stop-loss level is not reclaimed with volume, this kind of obstruction-and-fall setup is likely to follow momentum and pull back toward the support zone of the lower moving averages. In this scenario, shorting on resistance is much steadier than aggressively chasing.
Click here to trade👇
$BTW - Blank
Trading framework:
Entry: 0.662 - 0.675
Stop Loss (SL): 0.710
Target 1 (TP1): 0.580
Target 2 (TP2): 0.520
Target 3 (TP3): 0.460
Market analysis:
Today’s move is indeed extraordinary. That long upper wick at the high point indicates that sell pressure above was highly concentrated, and the capital that chased the rally is basically trapped at the summit. The current price is severely deviated from the short-term moving averages; the divergence rate has stretched too far. After such a rapid surge, it often needs a pullback to correct the indicators. As long as the stop-loss level is not reclaimed with volume, this kind of obstruction-and-fall setup is likely to follow momentum and pull back toward the support zone of the lower moving averages. In this scenario, shorting on resistance is much steadier than aggressively chasing.
Click here to trade👇