$TOWNS /USDT – SHARP BEARISH DUMP, APPROACHING SUPPORT ZONE

CURRENT PRICE: $0.03683

24h High: $0.04720

24h Low: $0.03527

Change: -12.10% 🔻

Volume: 3.72B TOWNS / $149.65M USDT ( Extremely high activity)

KEY TECHNICAL LEVELS

Resistance Zones:

$0.04088 – $0.04399 – Recent breakdown zone (now strong resistance)

$0.04720 – 24h high; heavy selloff began here

Support Levels:

$0.03620 – Immediate minor support

$0.03527 – 24h low and key bounce level

$0.03350 – Next demand zone if $0.035 fails

TECHNICAL INDICATORS

MA/EMA: Price is far below all short EMAs – strong downtrend

Bollinger Bands: Expanded massively → high volatility breakdown

SAR: Dots above price – confirms bearish trend

MACD: Likely showing a steep bearish crossover

Volume: Massive sell volume, possibly panic-driven

TRADE SETUP – SHORT BIAS WITH CAUTION

Entry: Retest of $0.040–$0.041 area as resistance (ideal short entry)

TP1: $0.03527

TP2: $0.03350

SL: $0.04250 (above resistance cluster)

> Avoid shorting at current price – wait for a bounce or rejection at resistance. Late entries in dump zones = high risk.

RISK MANAGEMENT

Use tight SL and watch price action on lower timeframes (15m/1h)

Only risk 1–2% capital

If volume shifts and price reclaims $0.041, bias flips neutral

Summary: $TOWNS/USDT is experiencing a massive selloff, losing over 12%, with heavy volume. Price is trying to stabilize near $0.035, but no reversal signs yet. This is a trader’s market – either play short on failed retests or wait for stabilization to consider longs.

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