Guys, Before Going Long On $BTW , Read The Data First! 🐱
Guys, OI dropped from $25.8M to $24.1M, showing position reduction. The long/short account ratio is 0.90, while top traders' position ratio is around 1.22. Deeply negative funding also leaves room for a short squeeze.
The liquidation heatmap shows overhead liquidity around $1.60-$1.85, especially $1.65-$1.80. Below, watch $1.30-$1.35 and $1.25-$1.28. BTW could sweep either side first.
Futures CVD is +$80.8M, but spot CVD is -$18M. Futures buying isn't backed by convincing spot strength, and recent sell volume was higher. Reversal isn't confirmed yet.
Futures flow is negative at 15M (-$490K), 30M (-$1.84M), 1H (-$2.37M) and 4H (-$3.35M), despite positive 24H flow (+$3.17M). Spot flow is negative at 1H (-$81K), 4H (-$421K), 8H (-$675K) and 12H (-$517K). Short-term spot inflows are positive, but sustained buying isn't confirmed.
I checked the news, guys, but found no fresh major bullish catalyst. Bitrue's listing was on Oct 13. Token trackers estimate around 36M BTW in community/ecosystem releases from Oct 21-31, plus a larger estimated 101.62M unlock on Nov 2. These are estimates, not proof of selling pressure.
👉 My take: I'm not chasing a long, but I won't blindly short into a squeeze either.
$DOOD taught me a lesson. My SL was $0.0047; price swept to $0.0049, then dropped. Very frustrating! Those who waited for confirmation reportedly booked solid profit. $IOST also dropped into my deeper entry zone before pumping and has now hit TP1. The setup is playing out precisely so far, guys. Let's see if TP3 gets hit too!
👉 BTW Short Watch
Current Entry: $1.60-$1.65
Recommended entry: $1.75-$1.85
Preferred entry: $1.90-$1.95
TP1: $1.48-$1.50
TP2: $1.35-$1.38
TP3: $1.25-$1.28
SL: $1.95-$2.18
Wait for a 30M rejection with renewed selling, or a 1H close for extra confirmation. BTW can pump and dump hard, liquidating both sides. These are watch zones, not blind entries. Protect your capital! 🔥
Guys, OI dropped from $25.8M to $24.1M, showing position reduction. The long/short account ratio is 0.90, while top traders' position ratio is around 1.22. Deeply negative funding also leaves room for a short squeeze.
The liquidation heatmap shows overhead liquidity around $1.60-$1.85, especially $1.65-$1.80. Below, watch $1.30-$1.35 and $1.25-$1.28. BTW could sweep either side first.
Futures CVD is +$80.8M, but spot CVD is -$18M. Futures buying isn't backed by convincing spot strength, and recent sell volume was higher. Reversal isn't confirmed yet.
Futures flow is negative at 15M (-$490K), 30M (-$1.84M), 1H (-$2.37M) and 4H (-$3.35M), despite positive 24H flow (+$3.17M). Spot flow is negative at 1H (-$81K), 4H (-$421K), 8H (-$675K) and 12H (-$517K). Short-term spot inflows are positive, but sustained buying isn't confirmed.
I checked the news, guys, but found no fresh major bullish catalyst. Bitrue's listing was on Oct 13. Token trackers estimate around 36M BTW in community/ecosystem releases from Oct 21-31, plus a larger estimated 101.62M unlock on Nov 2. These are estimates, not proof of selling pressure.
👉 My take: I'm not chasing a long, but I won't blindly short into a squeeze either.
$DOOD taught me a lesson. My SL was $0.0047; price swept to $0.0049, then dropped. Very frustrating! Those who waited for confirmation reportedly booked solid profit. $IOST also dropped into my deeper entry zone before pumping and has now hit TP1. The setup is playing out precisely so far, guys. Let's see if TP3 gets hit too!
👉 BTW Short Watch
Current Entry: $1.60-$1.65
Recommended entry: $1.75-$1.85
Preferred entry: $1.90-$1.95
TP1: $1.48-$1.50
TP2: $1.35-$1.38
TP3: $1.25-$1.28
SL: $1.95-$2.18
Wait for a 30M rejection with renewed selling, or a 1H close for extra confirmation. BTW can pump and dump hard, liquidating both sides. These are watch zones, not blind entries. Protect your capital! 🔥