TWTUSDT
, 1d Following the breakdown of the descending triangle, price also broke below the 200SMA.
Now price faces a major resistance level since this area is,
1) previous support turned resistance
2) descending trendline
3) 200SMA
Bears will look for opportunities to sell the market at this resistance level.
Bulls are in for an uphill battle after printing a doji after yesterday’s session.
This is a battle that I am personally keeping a keen eye on to see the outcome.
As always, ‘’anything can happen’’ so let’s be patient as the market unfolds. #DYOR