$BTW is showing a clear downtrend, with successive lower highs (2.68 -> 2.53 -> 2.16) and lower lows.
The recent rebound to 2.16 met strong rejection.
Open interest (OI) continues to decline, indicating a lack of new buying momentum and suggesting that the recent rebound was mainly driven by short covering. The path of least resistance remains downward.
$BTW Short Trade Plan (70% priority)
· Short entry: 1.95 - 2.05 (wait for a pullback to retest the breakdown area)
· Stop loss: Above 2.18
· Take profit 1: 1.85 (recent support)
· Take profit 2: 1.68 (macro liquidity zone)
To support me, please trade here👇#btw #bitway
The recent rebound to 2.16 met strong rejection.
Open interest (OI) continues to decline, indicating a lack of new buying momentum and suggesting that the recent rebound was mainly driven by short covering. The path of least resistance remains downward.
$BTW Short Trade Plan (70% priority)
· Short entry: 1.95 - 2.05 (wait for a pullback to retest the breakdown area)
· Stop loss: Above 2.18
· Take profit 1: 1.85 (recent support)
· Take profit 2: 1.68 (macro liquidity zone)
To support me, please trade here👇#btw #bitway