đ„ Market Analysis: LongèŠ Attempts Relief Bounce as BTW Tests Key Support on 4H Chart đ
A breakdown of the 4-hour technical price action reveals two distinct market structures, with LongèŠ (éŸèŸ) recovering off a recent dip and Bitway ($BTW) undergoing a pullback to test critical moving average support.
$LongèŠ (éŸèŸ) is trading around $0.021452 (-18.82%), attempting a mild relief bounce after a sharp sell-off that bottomed near $0.018760. Price action remains under significant downward pressure, trapped below the MA(7) at 0.023961, MA(25) at 0.027131, and the long-term MA(99) at 0.040517. Bulls need to reclaim $0.0240 to confirm short-term trend stabilization.
$BTW (Bitway) is currently trading at $2.22065 (-5.80%), retracing after reaching a local high near $2.6814. Despite the short-term pullback below the MA(7) at 2.370968, the medium-to-long-term structure remains constructive as price action continues to hold firmly above the MA(25) support at 2.128251 and the lower MA(99) baseline at 1.677307. A bounce from the $2.12â$2.20 support zone could pave the way for another attempt toward $2.68.
Monitor trading volume closely and ensure strict risk controls are in place before taking new positions! đĄ
#LongèŸ #BTW #CryptoTrading #TechnicalAnalysis #CryptoSignals
$éŸèŸ
$BTW
A breakdown of the 4-hour technical price action reveals two distinct market structures, with LongèŠ (éŸèŸ) recovering off a recent dip and Bitway ($BTW) undergoing a pullback to test critical moving average support.
$LongèŠ (éŸèŸ) is trading around $0.021452 (-18.82%), attempting a mild relief bounce after a sharp sell-off that bottomed near $0.018760. Price action remains under significant downward pressure, trapped below the MA(7) at 0.023961, MA(25) at 0.027131, and the long-term MA(99) at 0.040517. Bulls need to reclaim $0.0240 to confirm short-term trend stabilization.
$BTW (Bitway) is currently trading at $2.22065 (-5.80%), retracing after reaching a local high near $2.6814. Despite the short-term pullback below the MA(7) at 2.370968, the medium-to-long-term structure remains constructive as price action continues to hold firmly above the MA(25) support at 2.128251 and the lower MA(99) baseline at 1.677307. A bounce from the $2.12â$2.20 support zone could pave the way for another attempt toward $2.68.
Monitor trading volume closely and ensure strict risk controls are in place before taking new positions! đĄ
#LongèŸ #BTW #CryptoTrading #TechnicalAnalysis #CryptoSignals
$éŸèŸ
$BTW