$BTW CLEAR DOWNTREND, characterized by a series of lower highs 2.16->1.97->1.83 and lower lows
Crucially, Open Interest is trending downward or remaining flat during recent bounce from 1.64 up to current 1.75. This divergence suggests that current bounce lacks fresh buying pressure and is likely driven by short-covering rather than genuine trend reversal
$BTW SHORT Setup
· Entry Short: 1.78 - 1.82
· Stop Loss: above 1.87
• TP 1: 1.64 (recent low)
· TP 2: 1.52 (lower boundary of consolidation range)
· TP3: 1.42 (major support)
Support me just Trade here👇#btw #bitway
Crucially, Open Interest is trending downward or remaining flat during recent bounce from 1.64 up to current 1.75. This divergence suggests that current bounce lacks fresh buying pressure and is likely driven by short-covering rather than genuine trend reversal
$BTW SHORT Setup
· Entry Short: 1.78 - 1.82
· Stop Loss: above 1.87
• TP 1: 1.64 (recent low)
· TP 2: 1.52 (lower boundary of consolidation range)
· TP3: 1.42 (major support)
Support me just Trade here👇#btw #bitway