$BAT After hitting a six-month high, there are roughly three possible scenarios:
① It retests 0.1698 and holds, turning the previous high into support; ② It consolidates at elevated levels as volume gradually declines; ③ It falls back below 0.1698, turning this into a false breakout.
The current price is 0.1739, still above the previous high, so it’s too early to tell which scenario will play out. Trading volume this time was 5.3 times the 20-day average, so whether it stays elevated will be key.
Are you bullish or bearish in the short term?
#BAT
① It retests 0.1698 and holds, turning the previous high into support; ② It consolidates at elevated levels as volume gradually declines; ③ It falls back below 0.1698, turning this into a false breakout.
The current price is 0.1739, still above the previous high, so it’s too early to tell which scenario will play out. Trading volume this time was 5.3 times the 20-day average, so whether it stays elevated will be key.
Are you bullish or bearish in the short term?
#BAT