$TOWNS is maintaining a solid bullish trend following a sharp upward surge. The price has bounced back above its former resistance and is now consolidating near the recent highs, a pattern that often hints at further upside. Pullbacks are being absorbed by buyers efficiently, reflecting strength on shorter timeframes.
Potential Long Setup:
Entry Range: 0.00630 – 0.00645
Stop Loss: 0.00595
Profit Targets:
Target 1: 0.00680
Target 2: 0.00720
Target 3: 0.00780
The ideal approach is to enter either on a minor pullback or when the price breaks above the current consolidation. Avoid chasing after big candles and ensure proper risk management throughout the trade.