$BAT / USDT — Short Setup and Market View
has gained around 13% in the last 24 hours, but the move now appears extended on the 4H timeframe. RSI is at 81, signaling overbought conditions, while price continues to trade above key EMAs within a strong uptrend. This opens the possibility for a short-term pullback.
Key Levels:
Support: 0.1026 / 0.0989
Resistance: 0.1118 / 0.1129
Trade Setup — Short $BAT
Entry: 0.1110 – 0.1115
Stop Loss: 0.1135
Targets:
TP1: 0.1070
TP2: 0.1026
TP3: 0.1000
The current structure favors a corrective move after an extended rally. However, the broader trend remains bullish, so any short position should be treated as a short-term opportunity.
A safer long approach would be to wait for a pullback toward the EMA(20) around 0.1026, where price may find support for continuation.