$TWT / USDT – Pullback After Recent Surge – Finding Support? 🤔

$TWT / USDT is currently trading at $0.8074, down by -2.97% today. The 4-hour chart shows a significant upward move followed by a retracement. The price seems to be finding some support around the $0.80 level.

🧐 Potential Trading Scenarios:

* Support Level: The $0.80 zone appears to be acting as a temporary support level. Watch if it holds.

* Retracement Depth: The current pullback is testing the strength of the recent bullish move. A hold above $0.80 could indicate a healthy retracement before another push higher.

* Resistance Overhead: The recent high of $0.8376 will likely act as a resistance level.

📈 Potential Long Entry (If Support Holds): Consider entering around the $0.80 - $0.805 level with a stop loss placed just below $0.80. Target potential resistance at $0.82 and then $0.8376.

📉 Potential Short Entry (If Support Breaks): If the $0.80 level fails to hold, a short entry targeting lower support levels (e.g., around $0.78) could be considered.

⚠️ Outlook:

$TWT / USDT has seen a strong bullish move and is now experiencing a pullback. The reaction at the current support level will be crucial. Monitor volume and price action for confirmation of the next direction. Always manage your risk responsibly.

TWTUSDT · Binance

0.8074 -0.0021 (-0.26%) (based on the last 4 hours)

#TWTUSDT #CryptoTrading #SupportAndResistance #Pullback #Infrastructure