#BTW is currently in a clear uptrend, and breaking above the previous high should be no problem.
Don’t short immediately. Wait for it to break above the previous high, then look for an entry.
You can also place a short order near the high, at 2U.
Take profit: none set Stop loss: 2.2
Reason: Technical and structural factors
Short-term moving averages are aligned bullishly, and momentum is strong, making a break above the previous high likely. Market sentiment is bullish, and funding rates are mostly positive (bulls have the upper hand), but volatility is extremely high (the 24-hour range can exceed 30%). There is no obvious strong resistance overhead; 2U is a psychological level and a potential concentration zone for profit-taking.
Don’t short immediately. Wait for it to break above the previous high, then look for an entry.
You can also place a short order near the high, at 2U.
Take profit: none set Stop loss: 2.2
Reason: Technical and structural factors
Short-term moving averages are aligned bullishly, and momentum is strong, making a break above the previous high likely. Market sentiment is bullish, and funding rates are mostly positive (bulls have the upper hand), but volatility is extremely high (the 24-hour range can exceed 30%). There is no obvious strong resistance overhead; 2U is a psychological level and a potential concentration zone for profit-taking.