To open an account first, should you look at your holdings or this candlestick with a 10.8% drop? $BTW 24—within 24 hours it’s down nearly 11 points. The price has been pressured all the way from 0.7932 to 0.6994. Before the close, have you had the urge to add more?
On the 4-hour chart: after the price broke below the 0.7200 support, it didn’t have any proper rebound—just a needle drop straight to the 0.6975 new low, a textbook bearish continuation pattern. Volume is 49.68 million, and turnover is $37.06 million. Volume and price are expanding together, showing that this sell-off is real money, not a low-volume, slow grind down. The funding rate is still +0.0247%, meaning longs have been hit but haven’t capitulated in large numbers, and the shorts aren’t at an overly crowded level either.
For action: I’m not shouting or urging. Place your stop-loss below 0.6870—if it breaks, don’t try to hold on. First, see whether 0.7300 can hold and be reclaimed with increased volume. If you’re more aggressive, you can aim for the 0.7580 prior high area. A loss of 0.0124 can open up a potential range of 0.031 to 0.058—do the math yourself with a calculator.
#BTW
On the 4-hour chart: after the price broke below the 0.7200 support, it didn’t have any proper rebound—just a needle drop straight to the 0.6975 new low, a textbook bearish continuation pattern. Volume is 49.68 million, and turnover is $37.06 million. Volume and price are expanding together, showing that this sell-off is real money, not a low-volume, slow grind down. The funding rate is still +0.0247%, meaning longs have been hit but haven’t capitulated in large numbers, and the shorts aren’t at an overly crowded level either.
For action: I’m not shouting or urging. Place your stop-loss below 0.6870—if it breaks, don’t try to hold on. First, see whether 0.7300 can hold and be reclaimed with increased volume. If you’re more aggressive, you can aim for the 0.7580 prior high area. A loss of 0.0124 can open up a potential range of 0.031 to 0.058—do the math yourself with a calculator.
#BTW