$INTWB : Fakeout Confirmed: Bulls Trapped at Local Highs
SHORT SETUP INTWB
Entry: $29.3000 - $29.5000
Stop Loss: $31.0000
Take Profit: $26.2000 (2R)
Key Levels: Support $28.6300 | Resistance $31.2400
Technical Analysis for $INTWB : Price sits below EMA9 (30.14), EMA21 (31.22), EMA50 (32.40) and EMA200 (31.78), confirming a downtrend on multiple timeframes. MACD line (-1.09) is under its signal (-0.91) with a negative histogram, indicating bearish momentum. ADX at 43 shows a strong trend. RSI (29.7) and Stochastic K/D (14.7/9.1) are in oversold territory, but the orderbook imbalance of -21.3% and a bestask above bestbid suggest selling pressure. The 1H swing high is around 31.24 and swing low near 28.63, providing clear levels for entry and risk management.
Market Context: BTC is marginally bearish (-0.47% 24h) while the broader market is broadly negative (89.1% red). This backdrop supports a cautious short bias for INTWBUSDT.
#INTWB #ShortSetup #CryptoTrading
SHORT $INTWB
SHORT SETUP INTWB
Entry: $29.3000 - $29.5000
Stop Loss: $31.0000
Take Profit: $26.2000 (2R)
Key Levels: Support $28.6300 | Resistance $31.2400
Technical Analysis for $INTWB : Price sits below EMA9 (30.14), EMA21 (31.22), EMA50 (32.40) and EMA200 (31.78), confirming a downtrend on multiple timeframes. MACD line (-1.09) is under its signal (-0.91) with a negative histogram, indicating bearish momentum. ADX at 43 shows a strong trend. RSI (29.7) and Stochastic K/D (14.7/9.1) are in oversold territory, but the orderbook imbalance of -21.3% and a bestask above bestbid suggest selling pressure. The 1H swing high is around 31.24 and swing low near 28.63, providing clear levels for entry and risk management.
Market Context: BTC is marginally bearish (-0.47% 24h) while the broader market is broadly negative (89.1% red). This backdrop supports a cautious short bias for INTWBUSDT.
#INTWB #ShortSetup #CryptoTrading
SHORT $INTWB
