$TOWNS at Crucial Support – Rebound or Further Drop?
$TOWNS is trading at $0.02581, facing strong selling pressure after a sharp decline. The price is sitting at a key support zone, where buyers may attempt a defense, but failure to hold could open the door for further downside.
Key Levels to Watch
• Resistance: $0.02650 – A breakout above this level could signal relief, opening the path toward $0.02700 and $0.02800.
• Support: $0.02550 – Losing this zone may drag price down toward $0.02500 and $0.02450.
Trade Setup – Potential Scenarios
Bullish Entry:
Breakout above $0.02650 could target:
• TP1: $0.02700
• TP2: $0.02800
Bearish Entry:
Breakdown below $0.02550 could target:
• TP1: $0.02500
• TP2: $0.02450
Final Note
TOWNS is consolidating near its recent lows. A bounce from current levels may trigger short-term relief, but sustained weakness below support could accelerate the downtrend. Traders should wait for confirmation before committing to a direction.
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