Observing the current chart of $BATUSDT, it's striking how the price is flirting with the lower boundary of its recent range, evoking memories of the pre-drop phases in $BTC /USDT during mid-2022. This similarity in price action has piqued my interest in a potential short play.
$BATUSDT - SHORT
Trade Plan
Entry: 0.0756
SL: 0.0780
TP1: 0.0744
TP2: 0.0732
TP3: 0.0720
Given the trend structure, I'm leaning towards a short bias with about 70% confidence, seeing the current price action as a continuation of the downtrend.
What happens next if $BATUSDT /USDT breaks below the 0.0720 support level?
Click here to Trade 👇
$BATUSDT - SHORT
Trade Plan
Entry: 0.0756
SL: 0.0780
TP1: 0.0744
TP2: 0.0732
TP3: 0.0720
Given the trend structure, I'm leaning towards a short bias with about 70% confidence, seeing the current price action as a continuation of the downtrend.
What happens next if $BATUSDT /USDT breaks below the 0.0720 support level?
Click here to Trade 👇