$BTW trend has turned bearish; it is trying to stabilize and range around 0.93. It formed a local bottom at 0.86 and is currently oscillating between 0.86 and 1.00.
📉 Trading Scenario 1: Short (trend continuation)
· Rationale: If price fails to reclaim 1.00 and shows rejection, the downward trend may resume, targeting lower liquidity areas.
· $BTW short entry: 1.00 - 1.05 (wait for clear rejection or failure to close above 1.00)
· SL: Above 1.15 (recent rebound high)
· TP:
· TP1: 0.86 (retest the recent flash-crash low)
· TP2: 0.75 (next psychological support level)
📈 Trading Scenario 2: Long (capture a rebound)
· Rationale: Oversold conditions on the 1H/4H timeframes suggest buyers may get a temporary breather, pushing price back toward the support level it has already broken.
· $BTW long entry: 0.88 - 0.93 (look for a bullish reversal)
· SL: Below 0.80 (the recent breakdown low is 0.86. If it breaks below here, the trend will be completely invalidated.)
· TP:
· TP1: 1.00 (psychological resistance)
· TP2: 1.15 (next resistance level)
Support me—trade right here👇
#btw #bitway
📉 Trading Scenario 1: Short (trend continuation)
· Rationale: If price fails to reclaim 1.00 and shows rejection, the downward trend may resume, targeting lower liquidity areas.
· $BTW short entry: 1.00 - 1.05 (wait for clear rejection or failure to close above 1.00)
· SL: Above 1.15 (recent rebound high)
· TP:
· TP1: 0.86 (retest the recent flash-crash low)
· TP2: 0.75 (next psychological support level)
📈 Trading Scenario 2: Long (capture a rebound)
· Rationale: Oversold conditions on the 1H/4H timeframes suggest buyers may get a temporary breather, pushing price back toward the support level it has already broken.
· $BTW long entry: 0.88 - 0.93 (look for a bullish reversal)
· SL: Below 0.80 (the recent breakdown low is 0.86. If it breaks below here, the trend will be completely invalidated.)
· TP:
· TP1: 1.00 (psychological resistance)
· TP2: 1.15 (next resistance level)
Support me—trade right here👇
#btw #bitway
