Setup Long $BAT . Price is gradually trending higher while everything still looks under control.
Entry: 0.193
TP: 0.205
SL: 0.185
Why long?
The current trend is steadily moving upward. Long positioning below is relatively light compared with the amount of short positioning above.
The chart has mostly been moving sideways and consolidating, which could be setting up for an explosive move higher. Both buying and selling volume have been active, yet price continues to hold its upward structure and a clear support level has formed.
The probability of further upside looks quite significant.
Entry: 0.193
TP: 0.205
SL: 0.185
Why long?
The current trend is steadily moving upward. Long positioning below is relatively light compared with the amount of short positioning above.
The chart has mostly been moving sideways and consolidating, which could be setting up for an explosive move higher. Both buying and selling volume have been active, yet price continues to hold its upward structure and a clear support level has formed.
The probability of further upside looks quite significant.