$BTW

Keep an eye on the charts and here’s the rundown: By the way, right now we’re in a high volatility mood, not a trending one-way market.
Just after the recent pump, volume is still there, but we’re clearly starting to see upper wicks and selling pressure, indicating that some players are taking profits up top. This looks more like distribution at a high level rather than a continuation of a breakout.
From a short-term structure perspective:
If we can hold above the 24h VWAP and see a volume decrease on the pullback without breaking down, then we might have a shot at hitting new highs.
However, if we break below the intraday support zone with increased volume, it’s likely to turn into a classic high and then a drop scenario.
Right now, the typical state is:
👉 Bulls aren’t dead yet, but active buying is getting cautious.
👉 Bears haven’t fully taken control, but they’re starting to test the waters.
The conclusion is straightforward:
Don’t chase the highs, wait for a pullback confirmation; if it’s strong, go with the flow, if it’s weak, watch for a secondary low
#MyGateTradeStory