$TOWNS On the Edge: Bounce or Breakdown?
Current Price: $0.03197 — After a sharp sell-off, TOWNS is trying to stabilize just above immediate support. The next few candles could decide whether buyers regain control or sellers extend the drop.
Key Levels to Watch
• Resistance: $0.03220 — A breakout above this could open the way toward $0.03280 and $0.03330.
• Support: $0.03142 — Losing this level could trigger a drop toward $0.03100 and $0.03050.
Trade Setup – Prepare for Volatility
Bullish Scenario:
• Entry: A confirmed move above $0.03220
• Targets:
• TP1: $0.03280
• TP2: $0.03330
Bearish Scenario:
• Entry: A confirmed break below $0.03142
• Targets:
• TP1: $0.03100
• TP2: $0.03050
Note: Watch the volume — an uptick in green bars could signal bullish reversal, while heavy selling volume may confirm further downside.