$BTW LONG SETUP — WAIT FOR BUYERS TO PROVE THEMSELVES
BTW is showing why chasing a falling candle can be dangerous. After reaching above $2.40, price has pulled back sharply, recently trading around $1.80–$1.95. The latest market data puts the 24-hour low near $1.69 and the high near $2.32. This is a correction with real selling pressure, not a confirmed bullish reversal yet.
My trade plan is conditional — not a blind entry.
🟢 LONG ENTRY: $1.80–$1.85, only after a clear bounce and support confirmation
TP1: $1.95
TP2: $2.05
TP3: $2.20
STOP-LOSS: $1.68
What I’m watching:
The $1.69–$1.75 area is the immediate support zone. If buyers defend it and reclaim $1.90–$1.95 with stronger spot volume, a relief move toward the targets becomes more plausible. If price breaks below $1.69, I would avoid forcing a long and wait for a fresh setup.
One more risk matters: BTW has a scheduled token unlock of approximately 101.6 million tokens on November 2, equal to about 1% of its maximum supply. That does not guarantee a sell-off, but it is worth monitoring alongside price and liquidity.
The key: I want to see buyers reclaim resistance before trusting the recovery. Protect capital first; the setup is invalid if support fails.
BTW is showing why chasing a falling candle can be dangerous. After reaching above $2.40, price has pulled back sharply, recently trading around $1.80–$1.95. The latest market data puts the 24-hour low near $1.69 and the high near $2.32. This is a correction with real selling pressure, not a confirmed bullish reversal yet.
My trade plan is conditional — not a blind entry.
🟢 LONG ENTRY: $1.80–$1.85, only after a clear bounce and support confirmation
TP1: $1.95
TP2: $2.05
TP3: $2.20
STOP-LOSS: $1.68
What I’m watching:
The $1.69–$1.75 area is the immediate support zone. If buyers defend it and reclaim $1.90–$1.95 with stronger spot volume, a relief move toward the targets becomes more plausible. If price breaks below $1.69, I would avoid forcing a long and wait for a fresh setup.
One more risk matters: BTW has a scheduled token unlock of approximately 101.6 million tokens on November 2, equal to about 1% of its maximum supply. That does not guarantee a sell-off, but it is worth monitoring alongside price and liquidity.
The key: I want to see buyers reclaim resistance before trusting the recovery. Protect capital first; the setup is invalid if support fails.