๐ $BAT
LONG SETUP ๐
BAT has been in a strong uptrend since the $0.09307 low, ran to $0.16978, and is now pulling back and consolidating above its rising 25 MA on the 1H. Iโm watching for a long on a dip into the MA support zone, not chasing the current candle. ๐
Entry: $0.1535 - $0.1560
TP1: $0.1600
TP2: $0.1640
TP3: $0.1695
SL: $0.1490
๐บ Why BAT is on watch:
Price ($0.15747) is trading above the 7 MA ($0.15835 just overhead), the 25 MA ($0.15329) and the 99 MA ($0.12873), with the 25 and 99 MAs both sloping up and the 99 MA far below price The structure shows a series of higher highs and higher lows since the breakout from the long base, and the pullback from $0.16978 has so far held above the 25 MA The latest candles are small and tight on fading volume after the spike, which looks like a pause inside an uptrend rather than a reversal The $0.1535 to $0.1560 area (25 MA / just under the 7 MA) is the first support, with the larger base zone near $0.1450 to $0.1480 below it. A 1H close above $0.1600 would confirm buyers are back in control, while a close under $0.1490 invalidates the setup.
Not financial advice. DYOR.
๐ Follow CoinDispatch for more daily trade setups and market updates!
LONG SETUP ๐
BAT has been in a strong uptrend since the $0.09307 low, ran to $0.16978, and is now pulling back and consolidating above its rising 25 MA on the 1H. Iโm watching for a long on a dip into the MA support zone, not chasing the current candle. ๐
Entry: $0.1535 - $0.1560
TP1: $0.1600
TP2: $0.1640
TP3: $0.1695
SL: $0.1490
๐บ Why BAT is on watch:
Price ($0.15747) is trading above the 7 MA ($0.15835 just overhead), the 25 MA ($0.15329) and the 99 MA ($0.12873), with the 25 and 99 MAs both sloping up and the 99 MA far below price The structure shows a series of higher highs and higher lows since the breakout from the long base, and the pullback from $0.16978 has so far held above the 25 MA The latest candles are small and tight on fading volume after the spike, which looks like a pause inside an uptrend rather than a reversal The $0.1535 to $0.1560 area (25 MA / just under the 7 MA) is the first support, with the larger base zone near $0.1450 to $0.1480 below it. A 1H close above $0.1600 would confirm buyers are back in control, while a close under $0.1490 invalidates the setup.
Not financial advice. DYOR.
๐ Follow CoinDispatch for more daily trade setups and market updates!