$TOWNS /USDT – 4H Trade Setup

Market Insight:

$TOWNS has plunged -32.79%, now trading at $0.03831, sharply off its recent high of $0.0642. The massive volume spike (10.65B TOWNS) indicates capitulation or heavy liquidation. However, the extreme oversold condition could present a dead cat bounce or short-term reversal opportunity.

Entry Zone:

🟢 $0.03500 – $0.03850 (accumulation zone after capitulation)

Targets:

🎯 Target 1: $0.04590

🎯 Target 2: $0.05250

🎯 Target 3: $0.05910

Stop Loss:

🔻 $0.03250 (just below key support and capitulation wick)

Key Levels:

Support: $0.03420 / $0.03270

Resistance: $0.04590 / $0.05250 / $0.06420

Pivot Level: $0.03930 (near-term reclaim zone for bullish bias)

Pro Tip:

Watch for bullish divergence on lower timeframes and reclaim of the $0.04000 level with volume. Quick scalps toward resistance may be better than long holds unless a clean reversal structure forms. Maintain tight risk management due to high volatility.

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