Guys, $BAT faced rejection after a strong upward push towards the level 0.2790. The price action forms a rounded top, indicating buyer exhaustion and the potential for a short-term correction. The long-tailed candles at the top suggest strong seller entry. This type of pattern often leads to a pullback towards recent breakout levels. If the price loses support at 0.2750, additional selling pressure may come. The volume is also fading, supporting the idea of a short-term pullback setup here.
Trade Setup:
Entry Area: 0.2770 – 0.2785
Target 1: 0.2720
Target 2: 0.2680
Target 3: 0.2630
Stop Loss: 0.2805
BAT
0.2912
+8.05%