Trading Plan Short $BTW
$BTW just lost the 1h EMA21 and looks ready to flush after a nasty 24h dump.
Entry: $0.06350-$0.06150
Stoploss: $0.06650
Targets: $0.05900 / $0.05500 / $0.04850
BTW got slapped 21% yesterday, now sitting right on local support. The 1h candle is struggling to reclaim EMA21, and the Bollinger Band width is contracting fast after that big move, hinting at a squeeze. OI is up almost 20% on this leg down, meaning shorts are piling in, but funding is ticking up, which is interesting. I'm looking for a quick break below $0.05956 to really get this going. Reclaim $0.06650, short voided.
Trade $BTW here 👇
$BTW just lost the 1h EMA21 and looks ready to flush after a nasty 24h dump.
Entry: $0.06350-$0.06150
Stoploss: $0.06650
Targets: $0.05900 / $0.05500 / $0.04850
BTW got slapped 21% yesterday, now sitting right on local support. The 1h candle is struggling to reclaim EMA21, and the Bollinger Band width is contracting fast after that big move, hinting at a squeeze. OI is up almost 20% on this leg down, meaning shorts are piling in, but funding is ticking up, which is interesting. I'm looking for a quick break below $0.05956 to really get this going. Reclaim $0.06650, short voided.
Trade $BTW here 👇