jcons212

Basic Attention Token ($BAT) Analysis and set up.

Long
BINANCE:BATUSD   Basic Attention Token / US Dollar (calculated by TradingView)
The overall idea of this setup is fairly simple, I will take the trade if it fulfills at least one of my criteria, A) The price has a 4H close above the $.6525 mark or B) The price drops down to the $.585 level.

The target prices are the same for both of these setups, the only thing that changes are the stop loss levels and the Risk/Reward ratios.

Set up A)

Position type: LONG
Open Price: $.6525
Target 1: $.7220 Risk/Reward ratio: 1.36

Target 2: $.88518 Risk/Reward ratio: 4.56

Target 3: $1.04 Risk/Reward ratio: 7.87

Stoploss: $.6040


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Setup B)

Position type: LONG
Open Price: $.5850
Target 1: $.7220 Risk/Reward ratio: 4.74

Target 2: $.88518 Risk/Reward ratio: 10.35

Target 3: $1.04 Risk/Reward ratio:15.74

Stoploss: $.5512