$BAT is facing repeated rejection from a key resistance zone on the 4H chart, suggesting that buying momentum may be fading while sellers gradually gain control.
A potential double-top pattern is developing, which could signal a deeper correction if price loses nearby support. A confirmed breakdown could open the way toward lower support zones, with another major support area worth watching if selling pressure accelerates.
As long as the key resistance zone holds, bearish pressure may continue. However, a confirmed breakout above resistance would weaken the bearish outlook and could shift momentum back toward buyers.
Will $BAT face another correction, or can bulls regain control?
DYOR (Do Your Own Research).
A potential double-top pattern is developing, which could signal a deeper correction if price loses nearby support. A confirmed breakdown could open the way toward lower support zones, with another major support area worth watching if selling pressure accelerates.
As long as the key resistance zone holds, bearish pressure may continue. However, a confirmed breakout above resistance would weaken the bearish outlook and could shift momentum back toward buyers.
Will $BAT face another correction, or can bulls regain control?
DYOR (Do Your Own Research).