Guys, I’m going to open BIG SHORT on $BTW here.
And this time, before anyone says “what if it goes to $10?” 😭 just hear me out.
The reason I’m taking this isn’t because the chart looks high. It’s because the whole setup around this pump is starting to look unhealthy.
A lot of buyers are clearly focused on the $2 level. That’s the psychological number everyone wants to see.
$BTW already wicked close to $1.90, which was perfect for clearing impatient shorts and making buyers believe the next stop had to be $2.
But that’s exactly where I started getting more cautious.
The on-chain activity I’m tracking is getting more interesting too. Bigger wallets are moving, and according to the data I’m watching, one wallet holds a huge part of the supply.
That kind of concentration matters.
Now add the chart structure: momentum is not looking as clean anymore, volume is not strong enough for me, and there is still a massive liquidity area much lower.
So my plan is simple:
SHORT $BTW
TP: $0.98
SL: $1.985
I’m not saying it has to dump in one straight candle.
It can still wick higher, shake out more shorts, and make buyers even more confident first.
But for me, this is starting to look like the stage where the market gives everyone hope right before taking it away.
Shorts got squeezed. Buyers got excited. $2 became the dream. Now I’m betting on what happens when that dream fails.
And this time, before anyone says “what if it goes to $10?” 😭 just hear me out.
The reason I’m taking this isn’t because the chart looks high. It’s because the whole setup around this pump is starting to look unhealthy.
A lot of buyers are clearly focused on the $2 level. That’s the psychological number everyone wants to see.
$BTW already wicked close to $1.90, which was perfect for clearing impatient shorts and making buyers believe the next stop had to be $2.
But that’s exactly where I started getting more cautious.
The on-chain activity I’m tracking is getting more interesting too. Bigger wallets are moving, and according to the data I’m watching, one wallet holds a huge part of the supply.
That kind of concentration matters.
Now add the chart structure: momentum is not looking as clean anymore, volume is not strong enough for me, and there is still a massive liquidity area much lower.
So my plan is simple:
SHORT $BTW
TP: $0.98
SL: $1.985
I’m not saying it has to dump in one straight candle.
It can still wick higher, shake out more shorts, and make buyers even more confident first.
But for me, this is starting to look like the stage where the market gives everyone hope right before taking it away.
Shorts got squeezed. Buyers got excited. $2 became the dream. Now I’m betting on what happens when that dream fails.