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TWTUSDT's rebound appears to be losing momentum, with selling pressure accumulating at a key resistance level.
Go short immediately $TWT
Entry: 0.548 – 0.555
Stop loss: 0.560
First target: 0.537
Second target: 0.514
Third target: 0.490
The upward momentum failed to break through a major resistance convergence zone (Bollinger Band upper band, 200-period moving average). RSI has entered the extreme overbought zone, putting heavy pressure on the price to rise. The feeling in the market is that supply is outweighing demand, which usually favors a sharp downward correction as long as selling pressure persists.
Trade here $TWT 👇