$BTW SHORT BIAS REMAINS
$BTW has rebounded nearly 20% since early morning, but position data continues to decline. This suggests that retail traders may be aggressively bottom-fishing into the rebound.
The bounce could be setting up for another sharp flush. I’m keeping the short bias intact, with $0.30 still the main downside target.
Stay cautious if momentum fades, the next drop could come fast.
$BTW has rebounded nearly 20% since early morning, but position data continues to decline. This suggests that retail traders may be aggressively bottom-fishing into the rebound.
The bounce could be setting up for another sharp flush. I’m keeping the short bias intact, with $0.30 still the main downside target.
Stay cautious if momentum fades, the next drop could come fast.