$BTW : The Pump Is Losing Steam, Watch the Rejection‼️🤤
Hey everyone, keep your eyes on $BTW . After that strong pump, price is now facing heavy rejection from the upside. This is the kind of price action that makes me pay attention to a potential reversal.
When a coin pumps hard and starts getting rejected at higher levels, late buyers can get trapped near the top. If buying pressure continues to fade, those buyers may start exiting their positions, adding more pressure to the downside.
My setup: SHORT $BTW
Stop-Loss: $2.65
Targets: $2.34, $2.30, $2.25, $2.20, $2.15, $2.10, $2.05
Leverage: 10x with proper risk management.👇
The thesis: I'm watching for the rejection to translate into a move toward lower price levels. If sellers maintain control, we could see a deeper pullback.
open short immediately.
Hey everyone, keep your eyes on $BTW . After that strong pump, price is now facing heavy rejection from the upside. This is the kind of price action that makes me pay attention to a potential reversal.
When a coin pumps hard and starts getting rejected at higher levels, late buyers can get trapped near the top. If buying pressure continues to fade, those buyers may start exiting their positions, adding more pressure to the downside.
My setup: SHORT $BTW
Stop-Loss: $2.65
Targets: $2.34, $2.30, $2.25, $2.20, $2.15, $2.10, $2.05
Leverage: 10x with proper risk management.👇
The thesis: I'm watching for the rejection to translate into a move toward lower price levels. If sellers maintain control, we could see a deeper pullback.
open short immediately.