Scalp Setup: $BTW /USDT (15-Minute Breakout)

With BTW approaching the $1.3500 pivot, the focus shifts to whether it can clear this resistance and make a push toward the recent $1.40 local highs. Here is a 15-minute scalp setup designed for momentum continuation.

Key Technical Parameters

Metric / Level Value Notes
Bias Bullish Continuation (Scalp) Playing the breakout and momentum above the $1.35 pivot
Ideal Entry Zone $1.3450 – $1.3550 Breakout confirmation and subsequent 15m retest of support
Invalidation / Stop Loss $1.3280 Below the immediate 15m consolidation base (Risk: ~1.6%)
Take Profit 1 (TP1) $1.3750 First liquidity pool / minor resistance (~1.8% upside)
Take Profit 2 (TP2) $1.4000 Retest of the major 24-hour local high (~3.7% upside)
Take Profit 3 (TP3) $1.4350 Blue-sky breakout extension (~6.3% upside)
Risk / Reward Ratio 1 : 2.3 Calculated to TP2

Trade Execution Plan

Entry Strategy:

Breakout & Retest: Wait for a strong 15m candle to close above $1.3500. Place limit bids between $1.3450 and $1.3520 to catch the immediate retest/throwback before the next leg up.

Aggressive: Market buy a portion on the cross of $1.3500 if volume indicates strong buying pressure, leaving room to add on a dip.

Risk Management:

Because the stop loss is tight (~1.6%), position sizing can be slightly larger than a swing trade, but overall risk should remain fixed (e.g., 1% of total account equity).

Once TP1 ($1.3750) is secured, take 30-50% off the table and move the Stop Loss to Breakeven ($1.3500) to protect capital against a fakeout.

Invalidation Criteria:

A 15m candle failing to hold the breakout and closing back below $1.3280 indicates a liquidity sweep/bull trap, invalidating the long setup.

How would you like to manage this 1.3500 setup?