$TOWNS /USDT – BEARISH PRESSURE STILL ACTIVE
$TOWNS is struggling to hold above the 0.0235 zone, with sellers dominating after repeated rejection near 0.0243–0.0245. Current structure shows weakness, and if 0.0233 breaks, further downside could accelerate quickly. Bulls need a strong reclaim above 0.0240 to regain momentum.
Trade Setup (Short)
Entry Zone: 0.0236 – 0.0238
Take Profit 1: 0.0233
Take Profit 2: 0.0229
Take Profit 3: 0.0225
Stop Loss: Above 0.0246
Market Outlook
The trend remains under pressure with lower highs forming. Unless a breakout above 0.0246 occurs, downside bias stays intact. Watch volume — if sellers increase around 0.0233, breakdown confirmation can lead to deeper drops.