๐Paradisers, let's dive into the recent market dynamics of #BAT, which have been quite intriguing.
๐Following a retest of the support within a descending channel, #BasicAttentionToken seems poised to challenge the resistance zone above. If #BAT breaks out of the descending channel, it might retrace to retest the newly formed support at the resistance level.
๐If a breakout doesn't occur, there's a high chance that #BATUSDT will rebound from the support area around $0.245. A successful bounce here would suggest strength and indicate readiness for another attempt to break through resistance.
๐If BAT manages to breach this resistance level, it could signal a shift toward bullish sentiment, potentially leading to further upward movement toward our target resistance zone.
๐However, if BAT fails to rebound from the support area and drops below it, the price could head towards the Demand Area. Historically, BAT has shown resilience and the ability to bounce back from this zone to reclaim support.
๐Yet, if BAT finds no support even in the Demand Area, it could raise concerns about a bullish reversal. A candle closing below this level would invalidate the bullish outlook, suggesting further downward movement.
๐Following a retest of the support within a descending channel, #BasicAttentionToken seems poised to challenge the resistance zone above. If #BAT breaks out of the descending channel, it might retrace to retest the newly formed support at the resistance level.
๐If a breakout doesn't occur, there's a high chance that #BATUSDT will rebound from the support area around $0.245. A successful bounce here would suggest strength and indicate readiness for another attempt to break through resistance.
๐If BAT manages to breach this resistance level, it could signal a shift toward bullish sentiment, potentially leading to further upward movement toward our target resistance zone.
๐However, if BAT fails to rebound from the support area and drops below it, the price could head towards the Demand Area. Historically, BAT has shown resilience and the ability to bounce back from this zone to reclaim support.
๐Yet, if BAT finds no support even in the Demand Area, it could raise concerns about a bullish reversal. A candle closing below this level would invalidate the bullish outlook, suggesting further downward movement.
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Follow a team of traders with 10+ years of experience?
GO FREE๐ t.me/+BPd2gjl6OHZjYmQ0
๐๏ธOr Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals ๐ shorturl.at/ikpAV