$BTW Analysis
$BTW has recovered strongly after finding support near 0.1655, but the current rally is approaching a key resistance zone around 0.1700–0.1720. The recent candles show buyers are losing momentum as the price struggles to break above the previous intraday high. Until a clear breakout occurs, the upside appears limited and a short-term pullback is more likely.
The current structure favors caution rather than chasing the move higher. A rejection from the resistance zone would strengthen the bearish case.
Trade Plan (Short)
Entry: 0.1698–0.1710
Target 1: 0.1680
Target 2: 0.1665
Target 3: 0.1655
Stop Loss: 0.1723
A sustained move above 0.1723 would invalidate this setup and indicate buyers have regained control.
DYOR.
$BTW has recovered strongly after finding support near 0.1655, but the current rally is approaching a key resistance zone around 0.1700–0.1720. The recent candles show buyers are losing momentum as the price struggles to break above the previous intraday high. Until a clear breakout occurs, the upside appears limited and a short-term pullback is more likely.
The current structure favors caution rather than chasing the move higher. A rejection from the resistance zone would strengthen the bearish case.
Trade Plan (Short)
Entry: 0.1698–0.1710
Target 1: 0.1680
Target 2: 0.1665
Target 3: 0.1655
Stop Loss: 0.1723
A sustained move above 0.1723 would invalidate this setup and indicate buyers have regained control.
DYOR.