🔥 BTW/USDT: Another attempt at strong resistance—do we break through or pull back?
$BTW is once again testing a key zone near the local high of $1.447. On the hourly timeframe, a solid bullish trend remains: the price has held above the dynamic moving averages EMA 21, 50, and 99, and the MACD indicator shows the development of an upward impulse.
However, StochRSI has already entered the overbought zone (>90), hinting at a possible local cooldown before a strong move upward.
📌 TRADING PLAN (LONG)
We’ll activate the long scenario upon confirmation of support or after an impulsive breakout above $1.447:
• Aggressive entry: $1.335 – $1.340 (current levels, assuming the impulse continues)
• Conservative entry: $1.275 – $1.280 (around EMA21 support after a local pullback)
🎯 Price targets:
$1.445 (+8.0%) — retest of the local high
$1.520 (+13.6%) — breakout and exit from the range
$1.610 (+20.3%) — mid-term upside potential
🛑 Stop-loss: $1.240 (below the EMA50 level to protect against a false breakout)
Trading 👉$BTW
$BTW is once again testing a key zone near the local high of $1.447. On the hourly timeframe, a solid bullish trend remains: the price has held above the dynamic moving averages EMA 21, 50, and 99, and the MACD indicator shows the development of an upward impulse.
However, StochRSI has already entered the overbought zone (>90), hinting at a possible local cooldown before a strong move upward.
📌 TRADING PLAN (LONG)
We’ll activate the long scenario upon confirmation of support or after an impulsive breakout above $1.447:
• Aggressive entry: $1.335 – $1.340 (current levels, assuming the impulse continues)
• Conservative entry: $1.275 – $1.280 (around EMA21 support after a local pullback)
🎯 Price targets:
$1.445 (+8.0%) — retest of the local high
$1.520 (+13.6%) — breakout and exit from the range
$1.610 (+20.3%) — mid-term upside potential
🛑 Stop-loss: $1.240 (below the EMA50 level to protect against a false breakout)
Trading 👉$BTW
