$BAT is bleeding quietly, not breaking.
Down 5.07% to $0.1854, with $5.52M traded, but volume is only 0.8x its 20-day average. That matters. This isn’t panic selling yet.
4h is down 6.2%. RSI sits at 50. 🩸
Here’s the part being missed: price is still above both the 20d and 50d MAs, while futures funding is basically flat at -0.000%, meaning shorts are paying nothing to stay crowded. $BTC weakness is dragging sentiment, but BAT’s structure hasn’t fully cracked.
At $0.18, I’d watch for a clean hold, not chase a bounce. It’s already 75% up its 30d range and 17% below the high. 👀
#BAT #Trading #Crypto
Down 5.07% to $0.1854, with $5.52M traded, but volume is only 0.8x its 20-day average. That matters. This isn’t panic selling yet.
4h is down 6.2%. RSI sits at 50. 🩸
Here’s the part being missed: price is still above both the 20d and 50d MAs, while futures funding is basically flat at -0.000%, meaning shorts are paying nothing to stay crowded. $BTC weakness is dragging sentiment, but BAT’s structure hasn’t fully cracked.
At $0.18, I’d watch for a clean hold, not chase a bounce. It’s already 75% up its 30d range and 17% below the high. 👀
#BAT #Trading #Crypto