$TOWNS
TOWNSUSDT
Perp
0.005315
-11.85%
BEARISH CONTINUATION SETUP
Market structure on the higher timeframe shows a clear downtrend with consistent lower highs and lower lows. Strong selling pressure after rejection from the previous supply zone indicates bears are still in control. The recent breakdown suggests further downside continuation is likely unless price reclaims key resistance.
Entry Zone
0.00570 – 0.00590
Targets
TP1: 0.00520
TP2: 0.00480
TP3: 0.00440
Stop Loss
0.00630