See if it can rally after holding support at 0.2558-0.2672

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(BATUSDT 1M Chart)

After a significant decline, the price is forming a close above the M-Signal indicator on the 1M chart.

Accordingly, if the price remains above the M-Signal indicator on the 1M chart, the long-term uptrend is expected to continue.

Since the StochRSI 80 indicator is forming at 0.2448, we should examine whether it finds support near this level and can rise.

A full-scale uptrend is likely to begin when it rises above the Fibonacci level of 0.236 (0.4232).

If a full-scale uptrend begins, the target point is around 0.8357.

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(1D chart)

Therefore, the key question is whether it can find support near the 0.2479-0.2672 range and rise above 0.3457-0.3560.

If it declines, we should examine whether support is found near the M-Signal indicator on the 1M chart.

Therefore, support around 0.2026 is crucial.

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Thank you for reading to the end.
I wish you successful trading.

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