$BTW LOOKS FOR RESISTANCE REJECTION — SHORT SETUP 📉🔥
🔴 SHORT
Entry Range: $1.600–$1.767
Stop Loss: $1.8633
TP1: $1.3000
TP2: $0.9500
TP3: $0.5660
BTW has printed an aggressive expansion move off its $0.40 baseline and is currently pushing toward a major high-timeframe supply wall near $1.767, trading around $1.344. For me, the key is watching how price reacts as it retests this upper resistance zone.
I’m looking for a clean rejection and rollover back toward lower demand if price sweeps into the $1.600–$1.767 region. A sustained failure at resistance could open the path down toward $1.3000 first, followed by $0.9500, and eventually the primary target marked near $0.5660.
After a vertical expansion like this, I’m definitely not treating it like a free-money trade 😅. Volatility can be brutal on trending perpetuals, so I’d rather manage position size and wait for confirmation at resistance instead of shorting recklessly.
As long as price remains capped below the upper resistance structure, my bias favors a deeper retracement. Above $1.8633, the setup is invalidated for me.
Now let's see if BTW sweeps resistance and starts the leg lower 📉🔥
$MET
$AIA
🔴 SHORT
Entry Range: $1.600–$1.767
Stop Loss: $1.8633
TP1: $1.3000
TP2: $0.9500
TP3: $0.5660
BTW has printed an aggressive expansion move off its $0.40 baseline and is currently pushing toward a major high-timeframe supply wall near $1.767, trading around $1.344. For me, the key is watching how price reacts as it retests this upper resistance zone.
I’m looking for a clean rejection and rollover back toward lower demand if price sweeps into the $1.600–$1.767 region. A sustained failure at resistance could open the path down toward $1.3000 first, followed by $0.9500, and eventually the primary target marked near $0.5660.
After a vertical expansion like this, I’m definitely not treating it like a free-money trade 😅. Volatility can be brutal on trending perpetuals, so I’d rather manage position size and wait for confirmation at resistance instead of shorting recklessly.
As long as price remains capped below the upper resistance structure, my bias favors a deeper retracement. Above $1.8633, the setup is invalidated for me.
Now let's see if BTW sweeps resistance and starts the leg lower 📉🔥
$MET
$AIA