If you remember, $BTW is the same coin that suddenly crashed 40% exactly 4 days ago. Now it has recovered a bit.
I’m shorting $BTW
Take Profit: $0.0644
Stop Loss: $0.0738
Right now this is just a relief bounce. It’s sitting near resistance, and a dump is expected from here. Most FVG areas are on the downside these gaps are likely to fill.
Main point: On such bounces, if you get trapped in a long, it’s very hard to exit.
Short position feels very comfortable here.
I’m shorting $BTW
Take Profit: $0.0644
Stop Loss: $0.0738
Right now this is just a relief bounce. It’s sitting near resistance, and a dump is expected from here. Most FVG areas are on the downside these gaps are likely to fill.
Main point: On such bounces, if you get trapped in a long, it’s very hard to exit.
Short position feels very comfortable here.