đ´ăBearish ¡ Short Sellingă $BTW
Just now while grabbing a late-night snack, I happened to scroll through the top decliners list. In one day, $BTW dropped by 35%+âthe current price is hovering around 0.9294. In the group, someone is already calling it âbuy the bottom after a 50% cut.â I took a look at the order book, and honestly, I donât dare to make this money, and I donât want to.
Letâs start with the most straightforward signal: the EMA ribbon is being pressed down entirely. The shorts are neatly aligned as they move, not the kind of pattern where price drops to a level and then sideways grinds for a bottom. This is a shape thatâs still leaking downward. Earlier, that bounce pushed up to above 0.94, but volume canât keep up. Itâs obvious that someone took the opportunity to withdraw on the reboundânot like thereâs real new capital entering. This kind of low-volume âfake bounceâ is the easiest setup to lure brothers who are trying to catch the rebound.
Now the key levels are very clear. Resistance is around 0.9456, where it repeatedly canât break through. Support for now is at 0.9139. My plan is simple: if it bounces back to the 0.94 area, thatâs my chance to place shorts. Entry reference: scale in within 0.935â0.945. Put the stop line at 0.9503. As long as it goes back above that, it means my bearish scenario is wrongâno holding it, Iâll admit the loss and get out.
Looking downward, the first target is around 0.87. When it reaches there, cut half to lock in profit, and then leave the rest to gamble toward 0.8308. From entering at 0.94, stopping out at 0.95, and taking profit at 0.83, the risk/reward comes out to about 2.5 to 1âworth trying once.
But to be honest, for a coin that has already dropped 35%, the biggest risk is a single spike that flushes out the shorts too, and then it continues downward even further. So donât size your position too heavy, and donât skimp on your stop-lossâthis is my old rule.
Brothers, do you think BTW will keep sliding down from here, or are we about to get a retaliatory rebound? Leave your thoughts in the comments.
#ĺ¸ĺŽĺšżĺş #$BTW #čĄć ĺć #ĺ續ĺŽć #Short Selling
Just now while grabbing a late-night snack, I happened to scroll through the top decliners list. In one day, $BTW dropped by 35%+âthe current price is hovering around 0.9294. In the group, someone is already calling it âbuy the bottom after a 50% cut.â I took a look at the order book, and honestly, I donât dare to make this money, and I donât want to.
Letâs start with the most straightforward signal: the EMA ribbon is being pressed down entirely. The shorts are neatly aligned as they move, not the kind of pattern where price drops to a level and then sideways grinds for a bottom. This is a shape thatâs still leaking downward. Earlier, that bounce pushed up to above 0.94, but volume canât keep up. Itâs obvious that someone took the opportunity to withdraw on the reboundânot like thereâs real new capital entering. This kind of low-volume âfake bounceâ is the easiest setup to lure brothers who are trying to catch the rebound.
Now the key levels are very clear. Resistance is around 0.9456, where it repeatedly canât break through. Support for now is at 0.9139. My plan is simple: if it bounces back to the 0.94 area, thatâs my chance to place shorts. Entry reference: scale in within 0.935â0.945. Put the stop line at 0.9503. As long as it goes back above that, it means my bearish scenario is wrongâno holding it, Iâll admit the loss and get out.
Looking downward, the first target is around 0.87. When it reaches there, cut half to lock in profit, and then leave the rest to gamble toward 0.8308. From entering at 0.94, stopping out at 0.95, and taking profit at 0.83, the risk/reward comes out to about 2.5 to 1âworth trying once.
But to be honest, for a coin that has already dropped 35%, the biggest risk is a single spike that flushes out the shorts too, and then it continues downward even further. So donât size your position too heavy, and donât skimp on your stop-lossâthis is my old rule.
Brothers, do you think BTW will keep sliding down from here, or are we about to get a retaliatory rebound? Leave your thoughts in the comments.
#ĺ¸ĺŽĺšżĺş #$BTW #čĄć ĺć #ĺ續ĺŽć #Short Selling