$TOWNS – BEARS MAINTAIN CONTROL AFTER SPIKE FADE
$TOWNS saw a sharp spike to $0.03934 but quickly retraced, now trading near $0.03302 and forming lower highs. Persistent selling pressure suggests the possibility of a drop toward $0.0328 and $0.0318 support levels if momentum remains weak.
Short Entry: $0.0331 – $0.0333
Targets (TP): $0.0328 / $0.0318
Stop Loss (SL): $0.0337
Failure to reclaim $0.0340 could keep the downtrend intact in the short term.