$BTW bulls just got trapped for a massive breakdown
Short $BTW (DCA Entries)
EP1: 1.160– 40%
EP2: 1.190 – 30%
EP3: 1.250 – 30%
SL: 1.650
TP1: 1.1250
TP2: 1.1000
TP3: 0.9500
TP4: 0.7500
Why:
$BTW surged nearly 12% before facing a massive rejection at 1.3200, followed by a sharp sell-off. Price has dropped below MA7 (1.2120), MA25 (1.1758), and MA99 (1.1257), indicating growing bearish pressure. MACD has turned negative, with DIF (0.0186) below DEA (0.0249), while the bearish histogram is expanding. Selling volume has increased significantly during the decline, suggesting profit-taking and distribution. Open Interest stands at 16M, with OI notional around 18.8M. A sustained breakdown below 1.1250 could open the door toward 1.1000 and 1.0650.
Note: If EP2 and EP3 are not reached, enter 100% at EP1.
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Trade $BTW here 👇
Trade smart. DYOR.
#Altcoin Season# #Macro Insights#
Short $BTW (DCA Entries)
EP1: 1.160– 40%
EP2: 1.190 – 30%
EP3: 1.250 – 30%
SL: 1.650
TP1: 1.1250
TP2: 1.1000
TP3: 0.9500
TP4: 0.7500
Why:
$BTW surged nearly 12% before facing a massive rejection at 1.3200, followed by a sharp sell-off. Price has dropped below MA7 (1.2120), MA25 (1.1758), and MA99 (1.1257), indicating growing bearish pressure. MACD has turned negative, with DIF (0.0186) below DEA (0.0249), while the bearish histogram is expanding. Selling volume has increased significantly during the decline, suggesting profit-taking and distribution. Open Interest stands at 16M, with OI notional around 18.8M. A sustained breakdown below 1.1250 could open the door toward 1.1000 and 1.0650.
Note: If EP2 and EP3 are not reached, enter 100% at EP1.
🫂 Join my Binance Chat Group to Improve your trading skills and Let’s together win every trade.
Trade $BTW here 👇
Trade smart. DYOR.
#Altcoin Season# #Macro Insights#
