$BTW: The rally is losing steam—watch out for rejection!‼️🤤
Hello everyone, keep an eye on $BTW. After that sharp rally, the price is now facing strong rejection to the upside. This kind of price action has me watching for a possible reversal.
When a coin rises sharply 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 closing their positions, adding further downward pressure.
My strategy: 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.👇
Hello everyone, keep an eye on $BTW. After that sharp rally, the price is now facing strong rejection to the upside. This kind of price action has me watching for a possible reversal.
When a coin rises sharply 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 closing their positions, adding further downward pressure.
My strategy: 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.👇