$BTW has lost the 1.6 level. Two possible scenarios from here:
① It bounces back to 1.6 but fails to reclaim it → the level turns into resistance, with the 24h low of 1.5201 as the next downside target.
② It quickly reclaims 1.6 → this was probably just a wick, and short positions may get squeezed instead.
I’m paying closer attention to how it holds up on the first bounce.
#BTW
Please do your own research before placing an order.
① It bounces back to 1.6 but fails to reclaim it → the level turns into resistance, with the 24h low of 1.5201 as the next downside target.
② It quickly reclaims 1.6 → this was probably just a wick, and short positions may get squeezed instead.
I’m paying closer attention to how it holds up on the first bounce.
#BTW
Please do your own research before placing an order.