$BTW IS BLEEDING AGAIN. THE CHART IS TELLING A STORY.
BTW has dropped nearly 25% in 24 hours, falling from above $2.60 to around $1.72.
The important thing is that every recovery is getting weaker, and sellers are pushing the price lower. The $1.70 area is now worth watching closely.
If BTCW loses this area, another move toward $1.50 could follow. If buyers defend it and reclaim $1.80, we may see a relief bounce.
Don’t confuse a small bounce with a trend reversal. After a massive pump, protecting your capital matters more than chasing the next move.
The next few candles could tell us a lot.
BTW has dropped nearly 25% in 24 hours, falling from above $2.60 to around $1.72.
The important thing is that every recovery is getting weaker, and sellers are pushing the price lower. The $1.70 area is now worth watching closely.
If BTCW loses this area, another move toward $1.50 could follow. If buyers defend it and reclaim $1.80, we may see a relief bounce.
Don’t confuse a small bounce with a trend reversal. After a massive pump, protecting your capital matters more than chasing the next move.
The next few candles could tell us a lot.