The calmest moment is often just before the breakout. On the 4-hour chart for $BTW , price is held below EMA50 and EMA200, the moving averages are bearishly aligned, and the swing structure clearly points downward. I’m in no rush to chase here; a rebound into the prior congestion zone is where bears are likely to step in. Volume hasn’t expanded alongside the rebound, suggesting buyers have limited appetite to follow through.
The moving-average band overhead is acting as resistance. Once the downside opens up, the pace could pick up from here.
🔴 Trade direction: Short
📍 Entry range: 1.0640015 – 1.0707463
🛑 Stop loss: 1.1448519
🎯 Take profit 1: 1.0092654
🎯 Take profit 2: 0.9705265
🎯 Take profit 3: 0.9124180
Take in the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong, and witness the gains and losses of the world.
#BTW
Click below to trade 👇
The moving-average band overhead is acting as resistance. Once the downside opens up, the pace could pick up from here.
🔴 Trade direction: Short
📍 Entry range: 1.0640015 – 1.0707463
🛑 Stop loss: 1.1448519
🎯 Take profit 1: 1.0092654
🎯 Take profit 2: 0.9705265
🎯 Take profit 3: 0.9124180
Take in the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong, and witness the gains and losses of the world.
#BTW
Click below to trade 👇