$TOWNS /USDT — 15m
TOWNS printed a clean impulse into 0.00589, then rotated lower into tight balance rather than dumping. That’s classic post-push digestion. Price is now holding around 0.00580–0.00582, right on short-term averages, which suggests buyers are absorbing supply.
The pullback has been orderly, not impulsive. Wicks below have been bought quickly, showing defended demand near the trend base.
Defended support:
• 0.00578–0.00580 — local demand / balance low
• 0.00572 — deeper structure support if volatility expands
Resistance ahead:
• 0.00588–0.00590 — range high / supply
Acceptance above 0.00590 opens room for momentum continuation into the next upside pocket.
Caution level:
• A sustained loss of 0.00578 would weaken the setup and favor a deeper consolidation rather than continuation.
Bias: Neutral-to-bullish, consolidating.
TOWNS looks like it’s coiling just above support after an impulse. As long as 0.00578 holds, the tape favors another attempt higher, not a trend reset.
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