$TOWNS – RELIEF RALLY, BUT BEARS STILL LURKING
$TOWNS dropped sharply from the 0.03409 peak to a low of 0.02848 before showing a mild recovery. Price is now hovering near 0.03070, but the overall trend remains bearish as long as it stays below 0.03190. If sellers return, a move back toward 0.02900 and 0.02850 is likely.
Short Trade Setup:
Entry: 0.03080 – 0.03180
Target 1: 0.02900
Target 2: 0.02850
Stop Loss: 0.03220
This bounce could be a temporary pullback before another leg down — traders should stay alert.