Something's off with $BTW 's recent price action, and I think I've found the weak link.
$BTW - SHORT🔴
Entry: 0.1555
SL: 0.2408
TP1: 0.1129
TP2: 0.0702
TP3: 0.02754
⚠️ Move SL to Breakeven once TP1 is hit !!!
The RSI and EMA lines on the 30M chart are flashing signs of a potential liquidity sweep, as the price reacts to recent support-resistance dynamics.
But here's the catch - the 4H chart shows a bullish bias, with the price trading above its EMA50, which puts our short trade at odds with the broader trend.
Can a short trade really thrive when the 4H chart is whispering a bullish tale, or are we about to witness a dramatic reversal?
Click here to Trade 👇
$BTW - SHORT🔴
Entry: 0.1555
SL: 0.2408
TP1: 0.1129
TP2: 0.0702
TP3: 0.02754
⚠️ Move SL to Breakeven once TP1 is hit !!!
The RSI and EMA lines on the 30M chart are flashing signs of a potential liquidity sweep, as the price reacts to recent support-resistance dynamics.
But here's the catch - the 4H chart shows a bullish bias, with the price trading above its EMA50, which puts our short trade at odds with the broader trend.
Can a short trade really thrive when the 4H chart is whispering a bullish tale, or are we about to witness a dramatic reversal?
Click here to Trade 👇