$TOWNS /USDT SHOWING SIGNS OF SHORT-TERM RELIEF — BUT SELL PRESSURE STILL DOMINATES!
After a steep decline from $0.04133 to the recent low of $0.03136, $TOWNS is attempting a minor bounce within the lower Bollinger Band. While this may appear as a bullish reaction, it's more likely a dead cat bounce unless bulls reclaim the middle band resistance near $0.0327–$0.0335. Momentum remains weak, and overall trend pressure still favors the bears.
Trade Setup (SHORT):
• Entry Zone: $0.03280 – $0.03350
• Take Profit 1: $0.03180
• Take Profit 2: $0.03080
• Stop Loss: $0.03430
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Market Outlook:
Unless we see a confirmed breakout above the mid-band and yellow upper Bollinger line ($0.0335+), this current uptick is just a retest before another leg down. Watch for rejections in the highlighted zone for short confirmation.
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