Long‑trade setup for $TOWNS /USDT, using the current price of $0.03990
Support: $0.0379 (recent intraday low) and $0.0360 (psychological floor with prior bounce)
Resistance: $0.0425 (short‑term cap after initial launch surge), then $0.0450 (post‑listing supply zone)
TP1: $0.0425
• TP2: $0.0450
• TP3: $0.0480
Stop‑Loss: just below ~$0.0360
TOWNS recently listed on Binance and Bitget with strong initial volatility. Using pivot analysis and anchor levels—$0.0379 offers early support, while resistance near $0.042–$0.045 gives logical upside targets. A breakdown below $0.036 could invalidate the bullish setup.
Support and resistance principles: levels become stronger after repeated tests, especially around round numbers and pivot pivots . Let me know if you'd like a short-trade alternative or two‑leg strategy.