๐ What if $BTW is preparing for another rejection instead of a breakout?
$BTW has already recovered strongly from below $0.90 and is now trading near $1.70. But the real test is the major resistance zone at $1.75โ$1.80. ๐ด
Iโm watching for a BIG SHORT here. If buyers fail to break through this resistance, the next correction could catch late LONG traders off guard.
๐ฏ TP1: $1.55 ๐ฏ TP2: $1.42 ๐ฏ Final Target: $1.30 ๐ SL: $2.00
Hereโs what Iโm watching ๐๐ป
After such a strong recovery, some traders may expect the rally to continue. But if BTW keeps getting rejected below $1.80, profit-taking and fresh selling could push price toward lower support zones.
โ ๏ธ Invalidation: A sustained breakout above $1.80 weakens the rejection thesis. If price reaches $2.00, the short setup is invalidated.
This is a countertrend SHORT, so volatility can stay high. Keep position size light, wait for rejection confirmation, and donโt blindly chase the entry.
Can $BTW drop toward $1.30 next? ๐๐ป
#BTW #Crypto #Trading #BinanceSquare
$BTW has already recovered strongly from below $0.90 and is now trading near $1.70. But the real test is the major resistance zone at $1.75โ$1.80. ๐ด
Iโm watching for a BIG SHORT here. If buyers fail to break through this resistance, the next correction could catch late LONG traders off guard.
๐ฏ TP1: $1.55 ๐ฏ TP2: $1.42 ๐ฏ Final Target: $1.30 ๐ SL: $2.00
Hereโs what Iโm watching ๐๐ป
After such a strong recovery, some traders may expect the rally to continue. But if BTW keeps getting rejected below $1.80, profit-taking and fresh selling could push price toward lower support zones.
โ ๏ธ Invalidation: A sustained breakout above $1.80 weakens the rejection thesis. If price reaches $2.00, the short setup is invalidated.
This is a countertrend SHORT, so volatility can stay high. Keep position size light, wait for rejection confirmation, and donโt blindly chase the entry.
Can $BTW drop toward $1.30 next? ๐๐ป
#BTW #Crypto #Trading #BinanceSquare