📢 $BTW / $USDT | 🔴 SHORT | ⭐ 55.2%
🎯 Target: $0.3708. Is it still falling?
🎯 Trading levels:
🟢 Entry: $0.4373
🛑 Stop Loss: $0.4723
🏁 TP1: $0.3708
🏁 TP2: $0.3323
📉 Analysis:
The pair $BTW / $USDT shows a bearish market structure with a bearish crossover in the MACD (an indicator that measures momentum and trend direction), confirming weakness. Despite a double-bottom pattern, the formation of an ascending wedge (Rising Wedge) within a bearish trend context suggests a high probability of a downside breakout, supported by an ADX of 23.3 indicating a developing trend, and an RSI of 44.49 (relative strength index) that still allows room for further declines.
⚖️ Risk/Reward: 1:1.9
⏱️ Timeframe: 1h
📐 Technical confidence: 1/5
The bearish thesis remains while price does not exceed the invalidation level at $0.4723. We look for a confirmed breakdown below the local support of $0.43042 to accelerate the bearish momentum toward the stated targets.
Do you think selling pressure will be enough to break through the current support, or will we see a bearish trap?
💡 This analysis is for educational purposes and is not financial advice. Do your own research and decide calmly.
#crypto #BTW #trading #Futures #Bearish
🎯 Target: $0.3708. Is it still falling?
🎯 Trading levels:
🟢 Entry: $0.4373
🛑 Stop Loss: $0.4723
🏁 TP1: $0.3708
🏁 TP2: $0.3323
📉 Analysis:
The pair $BTW / $USDT shows a bearish market structure with a bearish crossover in the MACD (an indicator that measures momentum and trend direction), confirming weakness. Despite a double-bottom pattern, the formation of an ascending wedge (Rising Wedge) within a bearish trend context suggests a high probability of a downside breakout, supported by an ADX of 23.3 indicating a developing trend, and an RSI of 44.49 (relative strength index) that still allows room for further declines.
⚖️ Risk/Reward: 1:1.9
⏱️ Timeframe: 1h
📐 Technical confidence: 1/5
The bearish thesis remains while price does not exceed the invalidation level at $0.4723. We look for a confirmed breakdown below the local support of $0.43042 to accelerate the bearish momentum toward the stated targets.
Do you think selling pressure will be enough to break through the current support, or will we see a bearish trap?
💡 This analysis is for educational purposes and is not financial advice. Do your own research and decide calmly.
#crypto #BTW #trading #Futures #Bearish
