🚨 BTW — PARABOLIC SPIKE! BEARS TARGET OVEREXTENDED PUMP! 📉
$BTW (Bitway) is surging aggressively to 0.68991, up a massive +25.58%, following a sharp vertical breakout from a 24h low of 0.49788 up to a peak of 0.73800. On the 4H chart, price is completely disconnected and trading far above the MA7 (0.590016), MA25 (0.515098), and MA99 (0.456423) moving averages, signaling a prime overextended candidate for a short fade.
📊 QUICK TRADE PLAN — 4H
🔴 SHORT ENTRY: 0.70000–0.74000 (on exhaustion spikes into immediate overhead resistance)
🛑 STOP LOSS: 0.76000
🎯 TP1: 0.59000
🎯 TP2: 0.51500
🎯 TP3: 0.45600
📌 Rule: Look for fading volume and immediate bearish rejection wicks on minor relief pushes before opening short positions.
⚠️ Clean break and 4H close above 0.73800 invalidates the immediate short setup and signals continued parabolic extension.
👉 Trade: $BTW
#BTW #Bitway #cryptotrading #TechnicalAnalysis #BinanceSquare
$BTW (Bitway) is surging aggressively to 0.68991, up a massive +25.58%, following a sharp vertical breakout from a 24h low of 0.49788 up to a peak of 0.73800. On the 4H chart, price is completely disconnected and trading far above the MA7 (0.590016), MA25 (0.515098), and MA99 (0.456423) moving averages, signaling a prime overextended candidate for a short fade.
📊 QUICK TRADE PLAN — 4H
🔴 SHORT ENTRY: 0.70000–0.74000 (on exhaustion spikes into immediate overhead resistance)
🛑 STOP LOSS: 0.76000
🎯 TP1: 0.59000
🎯 TP2: 0.51500
🎯 TP3: 0.45600
📌 Rule: Look for fading volume and immediate bearish rejection wicks on minor relief pushes before opening short positions.
⚠️ Clean break and 4H close above 0.73800 invalidates the immediate short setup and signals continued parabolic extension.
👉 Trade: $BTW
#BTW #Bitway #cryptotrading #TechnicalAnalysis #BinanceSquare
