$TOWNS
USDT – Short Trade Signal
Current Price: $0.02716
🔒 Spot Traders: Be cautious entering new longs — price is stalling near intraday resistance.
📉 Futures Trade Setup:
Entry Zone: Below $0.02700 – $0.02680
Target 1: $0.02640 (minor support / MA10 pivot zone)
Target 2: $0.02580 (recent bounce base)
Target 3: $0.02520 (24h low / liquidity pocket)
Stop Loss: Above $0.02765 (24h high / resistance rejection)
⚠️ Analysis:
TOWNS has gained +6.89% today, but is currently trading just above MA60 ($0.02711) and struggling to clear the $0.02740–0.02765 resistance range. Short-term indicators (MACD, RSI) are flattening, and volume is declining, suggesting momentum is cooling.
With a relatively tight spread between support and resistance, a breakdown below $0.02700 could trigger a pullback toward $0.02520, especially if sell pressure builds and spot demand dries up.
Short setup remains valid below $0.02700, with a tight invalidation above the recent high.