$TOWNS /USDT – Short Setup After Sharp Rally
TOWNS surged over 62% in the past 24 hours, peaking at $0.0750 before facing strong rejection. The price has since dropped to $0.0399, signaling a possible retracement as buying momentum fades.
Short Entry: $0.0399
Targets:
• Target 1: $0.0382
• Target 2: $0.0370
• Target 3: $0.0355
Stop Loss: $0.0432
Risk Management:
Limit exposure to 3–5% of your portfolio. Once Target 1 is hit, consider adjusting your stop to break-even to secure gains.
Trade Insight:
Failure to reclaim the $0.0432 level may reinforce bearish sentiment. Monitor volume and sell-side pressure for confirmation of further downside.
