$BAT
What's next for $BAT ? | 2h Timeframe Chart Analysis
- I expect that if the price breaks and holds above 0.0843 with strong bullish confirmation, it will target 0.0886 and possibly 0.0934 next. This is a bullish setup, so you'd wait for price to break 0.0843, confirm on a lower timeframe, and then enter on a retest.
- If price shows significant rejection at 0.0821 or 0.0843 (like a clear wick or bearish candle), look for a quick pullback toward 0.0794 or 0.0776.
- My bias would turn bearish only if we lose 0.0794 with strong selling pressure, and especially if the price closes below 0.0776.
- Example scenario for a long: Wait for a bullish break and close above 0.0843, then on the retest and confirmation (bullish engulfing or lower timeframe reversal), enter long. First take profit: 0.0886, second take profit: 0.0934. Stop-loss below the most recent swing low or below 0.0794.
- Example scenario for a short: If price spikes above 0.0843 but closes below (liquidity grab) and forms a bearish reversal candle, enter short on the confirmation, target 0.0794, then 0.0776. Stop-loss above the most recent swing high.
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#BAT
What's next for $BAT ? | 2h Timeframe Chart Analysis
- I expect that if the price breaks and holds above 0.0843 with strong bullish confirmation, it will target 0.0886 and possibly 0.0934 next. This is a bullish setup, so you'd wait for price to break 0.0843, confirm on a lower timeframe, and then enter on a retest.
- If price shows significant rejection at 0.0821 or 0.0843 (like a clear wick or bearish candle), look for a quick pullback toward 0.0794 or 0.0776.
- My bias would turn bearish only if we lose 0.0794 with strong selling pressure, and especially if the price closes below 0.0776.
- Example scenario for a long: Wait for a bullish break and close above 0.0843, then on the retest and confirmation (bullish engulfing or lower timeframe reversal), enter long. First take profit: 0.0886, second take profit: 0.0934. Stop-loss below the most recent swing low or below 0.0794.
- Example scenario for a short: If price spikes above 0.0843 but closes below (liquidity grab) and forms a bearish reversal candle, enter short on the confirmation, target 0.0794, then 0.0776. Stop-loss above the most recent swing high.
📊 Turn charts into clear trade insights.
Try Finora AI free → tinyurl.com/FinoraBot
#BAT