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$TWT Straight-up downtrend, but it's looking pretty oversold right now
Volume vibes: Notice how volume's been drying up as price keeps dropping – went from 79.9M down to just 99k on recent candles. Feels like the sellers are running out of steam, classic exhaustion signal.
Capital flow: Mixed bag here. Short-term (5m-4h) we've got some inflows into contracts (71k to 571k), but over longer periods (3d-7d) it's outflows (-245k to -1.12M). Spot's mostly negative too. Overall money's been leaving, but those short-term bids could spark a quick bounce.
My take
$TWT :
Cautious long / counter-trend bounce play (not flipping the trend yet).
Entry:
Right around current price (~0.8095) feels okay, or wait for it to tag the lower Bollinger Band (~0.748) with RSI showing some reversal signs – that's where I'd feel better about it.
Stop-loss: 0.785, no need for huge cushion.
Targets:
First: 0.842 (R1 resistance)
Stretch: 0.898 (R2 resistance) if buyers really step in.
Note:
$TWT Oversold as hell, so a bounce is probable, but the bigger picture is still bearish. Don't go all-in – this is more of a scalp or hedge play.
Anyone else spotting a potential relief rally here? Or staying short?
#TWT #TWTUSDT #TrustWalletToken