TWT Critical Moment: A Bullish Surge or a Downside Risk?TWT is approaching a crucial moment with the potential for significant movement. The price has been above the key support zone at $1.0232 to 1.0450in Blue, showing signs of strength. Historically, TWT has respected the zone, bouncing from support and moving toward the next major resistance.
If TWT maintains its position above the Blue support zone, we could see a move toward the $1.1850 resistance level and if the momentum continues we could see the price at the resistance zone $1.3659 to $1.4002 in Yellow. There is strong bullish potential here, with the possibility of continuing toward $1.6602 to $1.7172 resistance zone Green if momentum holds.
However, a breakdown below support zone Blue would push the price lower, potentially testing the $0.9797 area, where demand might kick in for another bullish attempt.
Stay alert and monitor the price action around the support zone. A decisive daily close below $0.9797 could negate the bullish scenario and suggest further downside.
Everything is marked on the chart
