$TWT at a Major Decision Zone | Accumulation or Distribution?
#TWT has been range-bound between $0.65 โ $1.55 for nearly 3 years, signaling a long-term consolidation. This structure usually precedes a big directional move, the only question is which side breaks first.
Bullish Structure (Accumulation Case)
๐น Primary accumulation zone: $0.92 โ $0.72
๐น Key condition: Price must hold above $0.70
๐น If support holds Upside expansion targets: $2 โ $5 โ $10 (only after confirmed breakout)
Bearish Structure (Distribution Case)
๐น $0.70 = critical long-term support
๐น A clean breakdown below $0.70 confirms bearish market structure
๐น Downside Targets: $0.20 โ $0.10 (70โ80% potential drawdown)
Key Technical Levels
Strong Resistance: $1.72
Major Support: $0.70
FVG / Demand Zone: $0.23 โ $0.17
Technical Conclusion
@TrustWallet is compressing inside a multi-year range. No bias until breakout or breakdown.
Trade only confirmed setups, manage risk tightly, and let price decide the direction.
