$TWT /USDT - TWT TAKES FLIGHT, IS THE SKY THE LIMIT?
Overview
The TWT/USDT pair has been on a spectacular run, surging over 18% in the past 24 hours. The MACD indicator is trending strongly upwards, signaling further bullish momentum. While the RSI is approaching overbought territory, the current trend appears to be unstoppable.
Trade Scenarios
* Bullish Scenario: If TWT manages to break above the current resistance level of $1.5327, it could trigger a significant rally towards the next target of $1.60. Target: $1.60, Stop-Loss: $1.3390
* Bearish Scenario: A sharp pullback to the $1.3390 support level could signal a temporary pause in the uptrend. However, it's important to note that this is a high-risk scenario given the current bullish momentum.
Market Outlook
Overall, the outlook for TWT/USDT remains extremely bullish in the short term. However, traders should be aware of the potential for a short-term correction due to the overbought RSI. It's advisable to take profits at key resistance levels and use stop-loss orders to protect gains.