$TOWNS /USDT BEARISH REVERSAL — PRICE REJECTED FROM $0.0259 HIGH
TOWNS is trading at $0.02424 (+10.18%) after a sharp spike toward $0.0259 but facing strong rejection at resistance. Price has slipped back into a consolidation zone, showing weakness as sellers defend higher levels. Unless buyers reclaim $0.0250, the short-term outlook points to further downside pressure.
Trade Setup
Entry (Short): $0.02420 – $0.02450
Targets (TP):
TP1: $0.02380
TP2: $0.02330
TP3: $0.02200
Stop Loss (SL): $0.02510
Market Outlook
Although TOWNS posted a strong intraday gain, the rejection near $0.0260 signals heavy supply pressure. If price fails to hold above $0.0240, sellers may push lower toward the $0.022 support zone. Only a breakout above $0.0255 would shift momentum back to the bulls.
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