$TWT /USD Stabilizes at $1.19: A Potential Bounce Opportunity
$TWT /USD is trading at $1.1901 on the 15-minute chart, showing signs of recovery after reaching a low of $1.1170. With resistance at $1.2100 and strong support around $1.1700, the current price action suggests a potential breakout from its consolidation phase. Traders can consider a long position at $1.1901, with profit targets set at TP1 $1.2000, TP2 $1.2100, and TP3 $1.2200 for incremental gains. To minimize downside risk, a stop-loss (SL) at $1.1700 is recommended.
The RSI shows moderate momentum, while the MACD indicates steady buying activity, pointing toward a possible bullish continuation. A break above $1.2100 could ignite further upward momentum. Close monitoring of volume and resistance levels is crucial to confirm the next move.