TWT Trust Wallet - The pump is over, buy at these levels!
- TWT is a great token, but it looks like the price is too high at this moment, which is why I recommend buying the dip at lower levels!
- As you can see, the chart is printing a descending triangle at the top of the uptrend. This is definitely not a good sign at all. Descending triangles have a higher probability of breaking down.
- I made a descending parallel channel projection on the LOG scale, which can be very useful in the future. Usually, triangles turn into channels.
- The impulse wave has been completed, and we are looking for a retracement. I will give you the two most important levels where you can place buy orders.
- 1.46 USDT and 1.22 USDT are great levels to buy TWT. If you missed the pump, it's not a problem at all. I will trade this altcoin once it reaches my levels for short-term gains!
- The first level on the log scale is the 0.618 FIB, which is, of course, a very strong support. We should see a lot of buyers at this particular level.
- The second level is based on price action. We have an unfilled gap from the previous uptrend that can be filled in the short term. On a higher time frame, it is also a breakout level of the previous market structure.
- The platform was acquired by Binance in July 2018. So there is a huge expectation for the Trust Wallet token. Binance is currently the most reliable crypto exchange in the world.
- A 26–40% correction is possible. I will take this opportunity once the price reaches my targets.
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