$TOWNS – UNDER PRESSURE, LOOKING FOR SUPPORT ⚠️
$TOWNS is trading at 0.02294 (-4.42%), after sliding from the intraday high of 0.02418 toward the recent low at 0.02244. The coin is struggling to regain momentum, staying under all major moving averages: MA7 (0.02307), MA25 (0.02328), and MA99 (0.02500), which confirms the short-term bearish bias.
For recovery, the immediate resistance sits at 0.0233 – 0.0240. A breakout above this pocket could push price toward 0.0247 – 0.0250, where stronger supply is expected. Until then, rallies are likely to face selling pressure.
On the downside, 0.0224 is the key support. Losing this level could extend the drop toward 0.0220 – 0.0215.
Trade Setup (Risk-Control Bias):
Entry Zone: 0.0225 – 0.0230
Target 1: 0.0235
Target 2: 0.0245
Stop Loss: 0.0219
$TOWNS is in a cooling phase after recent weakness. Bulls need a strong push above 0.0233 to flip momentum; otherwise, bears remain in control.
