$BTW is moving fast, but I’m more interested in what happens after the breakout.
The move from roughly $0.40 to above $0.67 has already changed the short-term structure. Now the market has to prove that this isn’t just a liquidity-driven spike.
For me, $0.60 is the level that matters most. If buyers defend it, the breakout has a better chance of holding. If price starts losing that area, the move could turn into a sharp retracement.
Above $0.70 would be another important confirmation.
After a candle like this, I’d rather wait for confirmation than chase momentum. $BTW
#Write2Earn
The move from roughly $0.40 to above $0.67 has already changed the short-term structure. Now the market has to prove that this isn’t just a liquidity-driven spike.
For me, $0.60 is the level that matters most. If buyers defend it, the breakout has a better chance of holding. If price starts losing that area, the move could turn into a sharp retracement.
Above $0.70 would be another important confirmation.
After a candle like this, I’d rather wait for confirmation than chase momentum. $BTW
#Write2Earn