This BTW coin’s monthly chart (1M) is the very definition of a “stairway to death” for Short hunters who recklessly jump in. If we break down the chart mechanics, the whale’s strategy for setting the trap becomes crystal clear.
RSI(6) Hits a Crazy High (98.45): An RSI of 98.45 on the monthly timeframe is in the super-extreme overbought category. Retail traders who rely solely on indicators will probably be itching to open Short positions, thinking, “Wow, this is way overpriced—it’s bound to crash.”
Psychological Sentiment: A False Macro Ceiling: The whale is deliberately keeping the price just below the 1.76620 high (currently at 1.6176). This is meant to make retail Short orders pile up in that upper area as they assume it’s a safe macro ceiling.
Short Squeeze Fuel: Once enough Short positions have piled up, the whale, with its massive capital, just needs to pull the trigger on one more pump to break through 1.76620. The mass liquidations of those Short positions will automatically turn into forced buy orders, providing free fuel to send this coin even higher without limit.
$BTW #tradingfuture
RSI(6) Hits a Crazy High (98.45): An RSI of 98.45 on the monthly timeframe is in the super-extreme overbought category. Retail traders who rely solely on indicators will probably be itching to open Short positions, thinking, “Wow, this is way overpriced—it’s bound to crash.”
Psychological Sentiment: A False Macro Ceiling: The whale is deliberately keeping the price just below the 1.76620 high (currently at 1.6176). This is meant to make retail Short orders pile up in that upper area as they assume it’s a safe macro ceiling.
Short Squeeze Fuel: Once enough Short positions have piled up, the whale, with its massive capital, just needs to pull the trigger on one more pump to break through 1.76620. The mass liquidations of those Short positions will automatically turn into forced buy orders, providing free fuel to send this coin even higher without limit.
$BTW #tradingfuture