BAT/USDT A successful breakout the resistance, Bullish Momentum!

BINANCE:BATUSDT   Basic Attention Token / TetherUS
πŸ’Ž BAT has recently encountered significant market dynamics. Currently, BAT is confronting a resistance area after experiencing a substantial rebound from the demand zone.

πŸ’Ž If BAT manages to break out above the resistance area, there's probability for the price to resume its upward trajectory and reach our target at the bearish OB area.

πŸ’Ž However, if BAT faces rejection at the resistance level, there's a possibility that the price will retreat downward, revisiting the demand zone around $0.29 to gather momentum for another potential breakout.

πŸ’Ž It's crucial for BAT to bounce when it reaches the demand area. Failure to do so, resulting in a breakdown below the demand zone, could signal bearish sentiment, potentially leading to further downward movement in price.

Do you Want to start trading like a PRO?

Follow a team of traders with 10+ years of experience?

Join FREEπŸ‘‰

πŸŽ–οΈOr Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals πŸ‘‰

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.