โ ๏ธ Terrifying earthquake and liquidation candle in $BTW ! Is the game over or have the whales started collecting? ๐จ๐๐ฅ
The Bitway coin ( $BTW ) is seeing an extremely sharp move that shook the futures market, with a sudden drop of -20.10%, dragging the price down to $0.9473 after it had reached prior highs at $1.447!
Todayโs trading volume exceeded $334 million, and the bearish candle on the intraday timeframe wiped out overbought longs (Long Liquidation) to kick off a new battle between bulls and bears! โ๏ธ
๐ Technical read and targeted entry zones:
1๏ธโฃ Buy scenario / Bounce (Long Setup):
Golden support & accumulation area: between $0.895 - $0.925 (the last local bottom).
๐ฏ Targets: $1.05 โฌ ๏ธ $1.18 โฌ ๏ธ $1.35
๐ Stop Loss (SL): 4-hour candle close below $0.880
2๏ธโฃ Scenario for continuation of the drop (Short Setup):
Entry condition: retest the resistance at $1.01 - $1.05 with a quick rejection or a clear break of support $0.895.
๐ฏ Targets: $0.820 โฌ ๏ธ $0.710
๐ Stop Loss (SL): close above $1.11
๐ก Smart trader tip:
The coin is experiencing heavy volatility and extremely high movement speedโavoid high leverage, and always use a clear Stop Loss to protect your account! ๐ก๏ธ
๐ฌ Share your thoughts: Do you think the drop of $BTW is just cleaning up oversized positions before a new move, or is the decline targeting previous lows? ๐๐ฅ
#Write2Earn #BinanceSquare #BTW #futures #cryptotrading
The Bitway coin ( $BTW ) is seeing an extremely sharp move that shook the futures market, with a sudden drop of -20.10%, dragging the price down to $0.9473 after it had reached prior highs at $1.447!
Todayโs trading volume exceeded $334 million, and the bearish candle on the intraday timeframe wiped out overbought longs (Long Liquidation) to kick off a new battle between bulls and bears! โ๏ธ
๐ Technical read and targeted entry zones:
1๏ธโฃ Buy scenario / Bounce (Long Setup):
Golden support & accumulation area: between $0.895 - $0.925 (the last local bottom).
๐ฏ Targets: $1.05 โฌ ๏ธ $1.18 โฌ ๏ธ $1.35
๐ Stop Loss (SL): 4-hour candle close below $0.880
2๏ธโฃ Scenario for continuation of the drop (Short Setup):
Entry condition: retest the resistance at $1.01 - $1.05 with a quick rejection or a clear break of support $0.895.
๐ฏ Targets: $0.820 โฌ ๏ธ $0.710
๐ Stop Loss (SL): close above $1.11
๐ก Smart trader tip:
The coin is experiencing heavy volatility and extremely high movement speedโavoid high leverage, and always use a clear Stop Loss to protect your account! ๐ก๏ธ
๐ฌ Share your thoughts: Do you think the drop of $BTW is just cleaning up oversized positions before a new move, or is the decline targeting previous lows? ๐๐ฅ
#Write2Earn #BinanceSquare #BTW #futures #cryptotrading
