$BTW BIG SHORT SETUP — Is the Pump Running Out of Fuel? 📉
Guys,BTW is reaching a critical point where I’m paying less attention to the rally and more attention to the risk of a potential reversal.
🔴 Trade Direction: SHORT
🎯 Take Profit (TP): $0.96
🛑 Stop Loss (SL): $2.62
💰 Current Reference Price: $1.8722
📉 Reported 24H Change: -28.47%
So, why am I watching $BTW for a short after such an aggressive move?
The token has already experienced a powerful rally, forcing short sellers out and attracting buyers looking for further upside. But now, momentum appears to be weakening, and I’m watching closely for signs that the market structure is shifting toward the bears.
Another factor on my radar is the reported concentration of supply among large wallets. If significant holders begin selling into weakening demand, the pressure on price could increase considerably. However, wallet concentration alone doesn’t confirm that selling is happening, so confirmation remains important.
What makes this setup interesting is the possibility of a deeper retracement. If resistance continues to hold and sellers gain control, $BTW could move toward lower liquidity zones, potentially opening the door to a decline toward the $0.96 target.
#BTWUSDT #BTWToken #BlackRockCryptoAssetsJump63% #TradersBetOnThreeMoreFedHikes
Guys,BTW is reaching a critical point where I’m paying less attention to the rally and more attention to the risk of a potential reversal.
🔴 Trade Direction: SHORT
🎯 Take Profit (TP): $0.96
🛑 Stop Loss (SL): $2.62
💰 Current Reference Price: $1.8722
📉 Reported 24H Change: -28.47%
So, why am I watching $BTW for a short after such an aggressive move?
The token has already experienced a powerful rally, forcing short sellers out and attracting buyers looking for further upside. But now, momentum appears to be weakening, and I’m watching closely for signs that the market structure is shifting toward the bears.
Another factor on my radar is the reported concentration of supply among large wallets. If significant holders begin selling into weakening demand, the pressure on price could increase considerably. However, wallet concentration alone doesn’t confirm that selling is happening, so confirmation remains important.
What makes this setup interesting is the possibility of a deeper retracement. If resistance continues to hold and sellers gain control, $BTW could move toward lower liquidity zones, potentially opening the door to a decline toward the $0.96 target.
#BTWUSDT #BTWToken #BlackRockCryptoAssetsJump63% #TradersBetOnThreeMoreFedHikes