$BTW is in a strong uptrend, but the nearly vertical rally suggests the move is overextended in the short term and may be unsustainable
· EMA 9 (approximately 2.55–2.60): Price is currently just above the EMA 9. This is the first dynamic support level. If price falls below it, a deeper pullback may follow.
· EMA 21 (approximately 2.25–2.30): There is a huge gap between the current price and the EMA 21. This divergence confirms that the market is severely overbought on this timeframe, making a mean-reversion pullback highly likely before any further advance.
· Aggregated CVD indicator: During the explosive rally from 1.91 to 2.75, the CVD curve climbed almost vertically. Underlying demand is exceptionally strong.
· However, open interest (OI) has been falling as price rises. This is a classic sign of a short squeeze. Those huge green candles were driven mainly by forced short liquidations, creating enormous buying pressure. This means the next leg up will need fresh capital (rising OI) to support it. If OI continues to fall while price stalls, a sharp pullback is imminent.
$BTW pullback long strategy:
· Long entry zone: 2.30–2.45 (where the EMA 9 is catching up, and the area of the previous breakout)
· Stop loss (SL): Below 2.05
· Take profit (TP):
· TP1: 2.75 (retest of the recent high)
· TP2: 3.00 (psychological resistance)
Support me—trade here 👇#btw #bitway
· EMA 9 (approximately 2.55–2.60): Price is currently just above the EMA 9. This is the first dynamic support level. If price falls below it, a deeper pullback may follow.
· EMA 21 (approximately 2.25–2.30): There is a huge gap between the current price and the EMA 21. This divergence confirms that the market is severely overbought on this timeframe, making a mean-reversion pullback highly likely before any further advance.
· Aggregated CVD indicator: During the explosive rally from 1.91 to 2.75, the CVD curve climbed almost vertically. Underlying demand is exceptionally strong.
· However, open interest (OI) has been falling as price rises. This is a classic sign of a short squeeze. Those huge green candles were driven mainly by forced short liquidations, creating enormous buying pressure. This means the next leg up will need fresh capital (rising OI) to support it. If OI continues to fall while price stalls, a sharp pullback is imminent.
$BTW pullback long strategy:
· Long entry zone: 2.30–2.45 (where the EMA 9 is catching up, and the area of the previous breakout)
· Stop loss (SL): Below 2.05
· Take profit (TP):
· TP1: 2.75 (retest of the recent high)
· TP2: 3.00 (psychological resistance)
Support me—trade here 👇#btw #bitway