Can it sustain the breakout?
We would like to consider TWT in the short term.
It showed very good growth over the summer, as we expected. Now we see a correction after this impulse and it is important to keep the zone around $0.9, since if it is broken through, a fall potential opens up to the lower border of the triangle at $0.65-0.7. There is a bad sign that we are getting closer to support and the buyer's reaction is no longer visible. In the case of the most negative scenario, we can see the breaking of the 0.70 zone and falling to 0.50, and I think such a scenario is possible with a very strong fall of bitcoin. In case of a negative scenario, we will close positions at breakeven in order to buy back lower.
It showed very good growth over the summer, as we expected. Now we see a correction after this impulse and it is important to keep the zone around $0.9, since if it is broken through, a fall potential opens up to the lower border of the triangle at $0.65-0.7. There is a bad sign that we are getting closer to support and the buyer's reaction is no longer visible. In the case of the most negative scenario, we can see the breaking of the 0.70 zone and falling to 0.50, and I think such a scenario is possible with a very strong fall of bitcoin. In case of a negative scenario, we will close positions at breakeven in order to buy back lower.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.