TWTUSDT's rebound appears to be losing momentum, with selling pressure accumulating at a key resistance level.

Go short immediately $TWT

Entry: 0.548 – 0.555

Stop loss: 0.560

First target: 0.537

Second target: 0.514

Third target: 0.490

The upward momentum failed to break through a major resistance convergence zone (Bollinger Band upper band, 200-period moving average). RSI has entered the extreme overbought zone, putting heavy pressure on the price to rise. The feeling in the market is that supply is outweighing demand, which usually favors a sharp downward correction as long as selling pressure persists.

Trade here $TWT 👇