Technical analysis by darksignal about Symbol TWT: Sell recommendation (9/20/2025)

darksignal

The chart shows a very sharp upward move, with price accelerating from below 0.80 USD to over 1.30 USD in a short period. Such vertical rallies often leave the market temporarily overextended. After this surge, several long wicks on recent candles indicate increased volatility and selling pressure at the highs. The shorter moving average is steeply rising and still above the longer moving average, confirming that momentum remains strong. However, the price is currently far above both moving averages, creating a large gap that often precedes a period of consolidation or a pullback as traders take profits. Key reference levels to watch are around 1.13 USD, where there is a visible horizontal line marking a prior breakout area, and then the 1.00 USD region, which served as a psychological round-number barrier and potential former resistance. If selling continues, those areas could act as support zones where buyers may attempt to re-enter. Overall, the market remains bullish on a broader time frame but technically overbought in the short term. Monitoring whether the price closes back inside the moving-average bands and how it behaves near 1.13 USD and 1.00 USD will give clues about the strength of any corrective move. Potential TP : 1 $