$BTW — SHORT 📉
The short setup targets a rejection from resistance, but BTW is highly volatile and can squeeze aggressively.
Trade Details:
Entry: 0.0650
TP1: 0.0620
TP2: 0.0590
TP3: 0.0550
SL: 0.0750
Why we like this:
The price is currently showing a heavy rejection at a major overhead supply zone, characterized by long upper wicks that signal aggressive selling pressure. With the volume starting to fade on the buy side and the bearish divergence appearing on the momentum indicators, the probability of a sharp correction is increasing. A break below the immediate support should accelerate the move toward our lower targets as the overextended longs begin to unwind.
The short setup targets a rejection from resistance, but BTW is highly volatile and can squeeze aggressively.
Trade Details:
Entry: 0.0650
TP1: 0.0620
TP2: 0.0590
TP3: 0.0550
SL: 0.0750
Why we like this:
The price is currently showing a heavy rejection at a major overhead supply zone, characterized by long upper wicks that signal aggressive selling pressure. With the volume starting to fade on the buy side and the bearish divergence appearing on the momentum indicators, the probability of a sharp correction is increasing. A break below the immediate support should accelerate the move toward our lower targets as the overextended longs begin to unwind.