BATUSDT 1H long setup targeting top of the channel
Updated
TA explained
BAT seems to be gearing up for another move. BAT broke out as one of the first coins before the move of BTC of yesterday. it has been consolidating for a bit already while the others still had to make their move during the day.
Currently its ranging above mid line of the channel. This setups targets the top of the channel with in between targets of previous top and extended fib levels.
Expecting BTC to consolidate for a bit now, at least a couple of hours more. SL is below previous resistance area and below multiple MA/EMAs.
Trade setup
Best entries: 0.2438 - 0.2458
TP1: 0.2591
TP2: 0.2690
TP3: 0.2760
SL: 0.2303
RR: 2.23
Max leverage: 3x
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
BAT seems to be gearing up for another move. BAT broke out as one of the first coins before the move of BTC of yesterday. it has been consolidating for a bit already while the others still had to make their move during the day.
Currently its ranging above mid line of the channel. This setups targets the top of the channel with in between targets of previous top and extended fib levels.
Expecting BTC to consolidate for a bit now, at least a couple of hours more. SL is below previous resistance area and below multiple MA/EMAs.
Trade setup
Best entries: 0.2438 - 0.2458
TP1: 0.2591
TP2: 0.2690
TP3: 0.2760
SL: 0.2303
RR: 2.23
Max leverage: 3x
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
Trade active
First target was reached vey quickly, price came back to entry zone and pushed again to the same price level now aiming for the 2nd and 3rd targets. That will be nice profits!
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