$BAT : Major Support Breakdown Confirmed on $BAT Higher Timeframes
SHORT SETUP BAT
Entry: $0.18130 - $0.18150
Stop Loss: $0.18866
Take Profit: $0.16689 (2R)
Key Levels: Support $0.17710 | Resistance $0.18580
Technical Analysis for $BAT : MACD is negative with a bearish histogram, while RSI at 32.8 and Stochastic K at 7 signal oversold momentum turning down. Price sits below EMA9, EMA21, EMA50 and EMA200, confirming a downtrend. Orderbook shows a 9.3% sell imbalance. The pair respects the 0.1771 support and 0.1858 resistance, favoring short pressure.
Market Context: BTC remains in a bullish 4hour and daily trend, trading above its 20 and 50EMA, and the broader market shows a 74%
SHORT $BAT
SHORT SETUP BAT
Entry: $0.18130 - $0.18150
Stop Loss: $0.18866
Take Profit: $0.16689 (2R)
Key Levels: Support $0.17710 | Resistance $0.18580
Technical Analysis for $BAT : MACD is negative with a bearish histogram, while RSI at 32.8 and Stochastic K at 7 signal oversold momentum turning down. Price sits below EMA9, EMA21, EMA50 and EMA200, confirming a downtrend. Orderbook shows a 9.3% sell imbalance. The pair respects the 0.1771 support and 0.1858 resistance, favoring short pressure.
Market Context: BTC remains in a bullish 4hour and daily trend, trading above its 20 and 50EMA, and the broader market shows a 74%
SHORT $BAT