$BTW FACES PARABOLIC EXHAUSTION โ SHORT SETUP ๐๐ฅ
๐ด SHORT
Entry Range: $2.4000โ$2.6500
Stop Loss: $2.7805
TP1: $1.8000
TP2: $1.5000
TP3: $1.2877
BTW has printed an aggressive vertical surge up to local highs, but is now facing heavy selling pressure and pulling back, currently trading around $2.5425. For me, the key is whether bears can capitalize on this parabolic blow-off and force price back down toward macro demand.
Iโm looking for a continued unwinding move while BTW remains capped under the upper resistance boundary. A sustained drop from this region could send price toward $1.8000 first, followed by $1.5000, and eventually the primary marked target floor around $1.2877.
After such an extreme vertical expansion, Iโm definitely not treating it like a free-money trade ๐ . Volatility can be brutal on momentum reversals, so Iโd rather manage position size and respect risk instead of shorting recklessly with high leverage.
As long as price stays capped under the resistance high, my bias favors further downside. Above $2.7805, the setup is invalidated for me.
Now letโs see if BTW completes this correction back to the lower support zone ๐๐ฅ
$TRUTH
$AVA
๐ด SHORT
Entry Range: $2.4000โ$2.6500
Stop Loss: $2.7805
TP1: $1.8000
TP2: $1.5000
TP3: $1.2877
BTW has printed an aggressive vertical surge up to local highs, but is now facing heavy selling pressure and pulling back, currently trading around $2.5425. For me, the key is whether bears can capitalize on this parabolic blow-off and force price back down toward macro demand.
Iโm looking for a continued unwinding move while BTW remains capped under the upper resistance boundary. A sustained drop from this region could send price toward $1.8000 first, followed by $1.5000, and eventually the primary marked target floor around $1.2877.
After such an extreme vertical expansion, Iโm definitely not treating it like a free-money trade ๐ . Volatility can be brutal on momentum reversals, so Iโd rather manage position size and respect risk instead of shorting recklessly with high leverage.
As long as price stays capped under the resistance high, my bias favors further downside. Above $2.7805, the setup is invalidated for me.
Now letโs see if BTW completes this correction back to the lower support zone ๐๐ฅ
$TRUTH
$AVA