📉 $BTW — Bearish Short Setup | Sellers Taking Control 🔻
SHORT 🔴
📍 Entry Zone: $2.12 – $2.20
🛑 Stop Loss (SL): $2.30
🎯 Take Profit:
- TP1: $2.08
- TP2: $2.03
- TP3: $1.95
📉 Market Analysis:
BTW faced a rejection near $2.66 and subsequently dropped toward $2.12, signaling growing selling pressure. Buyers have struggled to maintain the previous price levels, while sellers appear to be gaining control of the short-term trend.
The immediate level to watch is $2.10. A decisive breakdown below this support could open the door to further downside, with $2.08 as the first target and $2.03 as the next key objective. If bearish momentum continues to build, price could extend its decline toward the final target at $1.95.
However, confirmation remains essential. If buyers defend the $2.10 area and push price back above the entry zone, the expected breakdown could fail.
🔑 Key Level: $2.10 is the critical support level. A confirmed break below it could strengthen the bearish outlook, while a recovery above $2.30 would invalidate this setup.
⚠️ Risk Note: Avoid entering solely on a brief move below support. Watch for confirmation and manage position size carefully. If price rebounds sharply, reassess the bearish outlook rather than assuming further downside is guaranteed.
Bearish bias while resistance holds and selling pressure remains dominant. 📉
Sell and Trade $BTW here 👇
DYOR.
SHORT 🔴
📍 Entry Zone: $2.12 – $2.20
🛑 Stop Loss (SL): $2.30
🎯 Take Profit:
- TP1: $2.08
- TP2: $2.03
- TP3: $1.95
📉 Market Analysis:
BTW faced a rejection near $2.66 and subsequently dropped toward $2.12, signaling growing selling pressure. Buyers have struggled to maintain the previous price levels, while sellers appear to be gaining control of the short-term trend.
The immediate level to watch is $2.10. A decisive breakdown below this support could open the door to further downside, with $2.08 as the first target and $2.03 as the next key objective. If bearish momentum continues to build, price could extend its decline toward the final target at $1.95.
However, confirmation remains essential. If buyers defend the $2.10 area and push price back above the entry zone, the expected breakdown could fail.
🔑 Key Level: $2.10 is the critical support level. A confirmed break below it could strengthen the bearish outlook, while a recovery above $2.30 would invalidate this setup.
⚠️ Risk Note: Avoid entering solely on a brief move below support. Watch for confirmation and manage position size carefully. If price rebounds sharply, reassess the bearish outlook rather than assuming further downside is guaranteed.
Bearish bias while resistance holds and selling pressure remains dominant. 📉
Sell and Trade $BTW here 👇
DYOR.