$BAT Double Top... Bears Take Control
BAT faced strong rejection near 0.223 again after testing the same resistance level twice on the 4-hour chart.
A potential double-top pattern is forming, suggesting bullish momentum may be weakening.
It is currently trading near 0.2035.
If the 0.200 level breaks, a deeper correction toward 0.190–0.181 may follow, with 0.173 seen as the next major support level.
As long as the 0.223–0.224 range holds as resistance, downward pressure may continue.
A confirmed breakout above 0.224 would invalidate this bearish outlook.
BAT: Is Another Correction Looming?
Trade on $BAT
BAT faced strong rejection near 0.223 again after testing the same resistance level twice on the 4-hour chart.
A potential double-top pattern is forming, suggesting bullish momentum may be weakening.
It is currently trading near 0.2035.
If the 0.200 level breaks, a deeper correction toward 0.190–0.181 may follow, with 0.173 seen as the next major support level.
As long as the 0.223–0.224 range holds as resistance, downward pressure may continue.
A confirmed breakout above 0.224 would invalidate this bearish outlook.
BAT: Is Another Correction Looming?
Trade on $BAT