BTW is around 2.66 now. I’ve opened a short, targeting 2.35 with a stop-loss at 2.85.
It’s up nearly 50% in a day, and everyone holding it is in profit—who wouldn’t be thinking about taking profits? As it neared the previous high around 2.8, volume started to fade. Someone is clearly distributing. I’m not betting on a crash; I’m just aiming to catch the first leg of a pullback to 2.35. If it breaks above 2.85, that means it still has room to run, and I’ll get out. #btw $BTW
It’s up nearly 50% in a day, and everyone holding it is in profit—who wouldn’t be thinking about taking profits? As it neared the previous high around 2.8, volume started to fade. Someone is clearly distributing. I’m not betting on a crash; I’m just aiming to catch the first leg of a pullback to 2.35. If it breaks above 2.85, that means it still has room to run, and I’ll get out. #btw $BTW