🚨 $BTW at $1.90… a new high, but is this the start of a breakout or a liquidity trap?
Holding above $1.95/$1.92 could open the way to $2.17; rejection and a break below $1.83 would weaken momentum, with the next support near $1.65.
The biggest warning: supply distribution is highly concentrated, with a massive unlock last October and additional risk from vesting schedules; so don’t chase the price after a strong surge.
Watch for a close above $1.95—it’s the difference between continued movement and a possible pullback.
I’m also watching $WLD —is it poised for a rebound?
Holding above $1.95/$1.92 could open the way to $2.17; rejection and a break below $1.83 would weaken momentum, with the next support near $1.65.
The biggest warning: supply distribution is highly concentrated, with a massive unlock last October and additional risk from vesting schedules; so don’t chase the price after a strong surge.
Watch for a close above $1.95—it’s the difference between continued movement and a possible pullback.
I’m also watching $WLD —is it poised for a rebound?