$TWT #Arabicwhales #BinanceSquareFamily #MyFamily #followers
### Technical Analysis of TWT/USDT (15-minute chart)
#### **1. Trend Analysis:**
**Current Trend:** The price action is showing a **strong bullish trend**, as the price rose from the $0.87 level to a high of $1.0065, breaking through psychological levels such as $0.90 and $1.00.
- The moving averages (MA7, MA25, and MA99) are all trending upwards, indicating that the price is supported by short, medium, and long-term bullish momentum.
#### **2. Support and resistance levels:**
- **Resistance:** The current high at **$1.0065** acts as the immediate resistance level.
- **Support:** The MA7 moving average at **$0.9791** acts as immediate support, while additional support lies at **$0.9219** (MA25).
#### **3. Japanese candlestick analysis:**
- The last red candle appears as a **bearish candle** after the big up move. This may indicate a possible **short-term correction** or consolidation around current levels ($0.98).
- A bearish engulfing pattern may form if the next candle closes lower, indicating a temporary reversal.
#### **4. Indicators and Oscillators:**
- **MACD:** The MACD lines are in a positive zone but showing signs of convergence, indicating that the bullish momentum is waning.
- **RSI:** The Relative Strength Index (6) is currently at **73**, indicating an **overbought condition**. A value above 70 indicates a possible correction or consolidation soon.
#### **5. Volume Analysis:**
- Volume was high during the price rally, supporting the bullish move. However, the recent candles are showing **decreasing volume**, which could indicate a decrease in buying pressure and a possible pullback.
### **Trading recommendations:**
#### **Short term trading:**
**Entry:** A **sell entry** can be considered around **$0.983 - $0.990** due to the overbought condition and signs of weak momentum.
- **Stop Loss:** Set your stop loss at **$1.01**, just above the recent high at $1.0065.
- **Take Profit:**
- **TP1:** $0.964 (near recent lows)
- **TP2:** $0.92 (near MA25 and support level)
- **Duration:** 1-4 hours where correction may happen quickly in the 15 minute time frame.
#### **Long-term trading:**
- **Entry:** If the price pulls back to the range **$0.92 - $0.94** (MA25 support), this could be a **long-term buying opportunity** for a bounce in the uptrend.
- **Stop Loss:** Set your stop loss below **$0.89** (MA99), as a break below this level may indicate further decline.
- **Take Profit:**
- **TP1:** $1.00
- **TP2:** $1.05 as long term target.
- **Duration:** Hold the trade for 1-3 days as the overall trend is still up.
### **Plan B (in case the signals change):**
- If the price breaks the $1.0065 level on strong volume, consider **switching to a long trade** and resetting the stop loss to $0.98, targeting $1.05.
### **Plan C (If the Market Fails):**
- If the price drops below $0.89 (MA99), close all buy trades and re-evaluate the possibility of a short-term downtrend.
### **Plan D (Hedging Strategy):**
- Place a hedge trade to enter buy if the price shows consolidation near $0.92 or a clear break above $1.01.
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### **Trading Recommendation** 📈:
**Enter a sell trade** at **$0.983** with **Stop Loss at $1.01** and **Take Profit at $0.964** for a short term corrective trade.
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