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$TOWNS / USDT: Reversal & Continuation Setup 🏘️📈
$TOWNS (Towns Protocol) is showing a textbook "V-shaped" recovery after a strategic liquidity sweep. This decentralized messaging protocol is currently benefiting from a rotation back into Web3 social and infrastructure projects, following the recent roadmap updates regarding its 2026 Android expansion.
📊 Trade Setup (Bullish Bias):
* Structure: Strong impulsive bounce from the demand zone, now consolidating healthily just below local resistance.
* Momentum: The MACD has turned positive on the 1H timeframe for the first time this month, and RSI is resetting nicely above 50, providing "fuel" for the next move.
* Entry Zone: 0.0066 – 0.00685
* Bullish Base: The trend remains in favor of buyers as long as price holds above 0.0064.
🎯 Targets & Risk:
* 🎯 TP1: 0.0071 (Immediate resistance)
* 🎯 TP2: 0.0076 (Supply zone flip)
* 🎯 TP3: 0.0083 (Major 161.8% Fib extension)
* 🚫 Stop-Loss (SL): 0.0060
💡 Why this setup is interesting:
* Infrastructure Play: Built on the Base (L2) network, Towns is gaining traction as a secure, on-chain alternative to Discord and Telegram.
* The "Trap" Cleared: The recent sweep below 0.0060 cleared out early leverage, creating a cleaner path for a sustainable uptrend.
* Consolidation: The current sideways movement at 0.0067 is absorbing selling pressure, often a precursor to a second impulsive leg.
Strategy: Look for a high-volume candle to break 0.0071 to confirm the acceleration toward TP2. Manage your risk—discipline is what turns traders into winners! 🛡️💎
#TOWNS #Web3Social #CryptoSignals #BaseNetwork
#TradingSetup