$TOWNS /USDT (Perp) – Technical Analysis
Market Context
Price currently trading around 0.00559
Sharp -12% daily move → strong bearish momentum
High volume confirms distribution / sell pressure, not a weak pullback
Technical Structure
Trend: Bearish (lower highs + lower lows)
Momentum: Sellers in control after rejection near 0.0065
Liquidity: Longs likely trapped above → downside liquidity still unfilled
Key Levels
Resistance:
0.00595 – 0.00610 (intraday supply)
0.00645 – 0.00660 (major rejection zone)
Support:
0.00540 (minor, already tested)
0.00500 (psychological & liquidity pool)
0.00460 (next major downside target)
Short Setup (Preferred Bias)
Entry Zone: 0.00590 – 0.00610
Stop Loss: Above 0.00660
Targets:
TP1: 0.00520
TP2: 0.00500
TP3: 0.00460
Risk–Reward: Favorable if price retests supply and shows rejectio
Alternative Scenario
If price reclaims and holds above 0.00660, bearish structure invalidates
In that case, expect consolidation before any bullish continuation
No longs until clear reclaim + volume confirmatio
Outlook
📉 Bearish continuation favored
Rallies are considered sell-the-pump until structure changes.
Patience for pullback entries is key — chasing here is not optimal.
