$BTW has already taken a 24% hit, but the chart still isn’t giving me a reason to fight the sellers. 📉
The rejection from $2.7536 changed the tone completely. Now price is hovering around $2.02 with $1.96 becoming the level that matters most.
I’d rather look for a short around $2.02–$2.08 than try to catch a bottom here.
🎯 $1.96 → $1.83 → $1.70
🛑 SL: $2.16
If $1.96 finally gives way on the 1H, the downside could open up quickly.
The rejection from $2.7536 changed the tone completely. Now price is hovering around $2.02 with $1.96 becoming the level that matters most.
I’d rather look for a short around $2.02–$2.08 than try to catch a bottom here.
🎯 $1.96 → $1.83 → $1.70
🛑 SL: $2.16
If $1.96 finally gives way on the 1H, the downside could open up quickly.