💎 TWT has notably made its mark in the cryptocurrency market. Currently, TWT ispoised for an upward move and is attempting to break out of the supply area.
💎 If TWT successfully breaks above the resistance area, it could probability reach our target area in the bearish OB zone.
💎 However, if TWT fails to break out above the resistance area, there is a possibility of a retracement back to the support area around $1.4 - $1.3 to establish new momentum.
💎 In the support area, TWT needs to bounce and resume its upward movement to attempt another breakout above the supply. Failure to hold the support and a breakdown below could signal a shift to a bearish trend, potentially leading to a return to the demand area.
💎 If TWT successfully breaks above the resistance area, it could probability reach our target area in the bearish OB zone.
💎 However, if TWT fails to break out above the resistance area, there is a possibility of a retracement back to the support area around $1.4 - $1.3 to establish new momentum.
💎 In the support area, TWT needs to bounce and resume its upward movement to attempt another breakout above the supply. Failure to hold the support and a breakdown below could signal a shift to a bearish trend, potentially leading to a return to the demand area.
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Do you Want to start trading like a PRO?
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.