$TWT /USDT: Oversold Zone Signals a Potential Reversal
$TWT /USDT is trading at $1.2820 after a strong pullback from its 24-hour high of $1.4194. The RSI has dipped into the oversold territory at 19.39, indicating a high probability of a rebound. Immediate support lies at $1.2700, while resistance levels to watch are $1.3000 and $1.3200. A strategic entry point for this setup is between $1.2750 and $1.2850, aiming for short-term targets of $1.3000 (TP1), $1.3200 (TP2), and $1.3500 (TP3). A tight stop loss at $1.2600 ensures minimal downside risk.
This setup is perfect for traders looking to capitalize on the oversold bounce while managing risk effectively. Secure profits incrementally at each target and trail your stop loss to breakeven after hitting TP1. Keep an eye on price action near resistance for a potential breakout or exit.