Todays analysis – BATUSDT- trading at a kay trade location where further upside is probable, Points to consider, - Price Action Impulsive - Local S/R support (.382 Fibonacci Confluence) - Swing High Objective - Volume Influx
BATUSDT’s immediate price action is impulsive, trading a at key trade location that has technical confluence with the .382 Fibonacci, allowing for a long bias.
The immediate objective is Swing High, exceeding this level will increase the probability of a trend continuation.
The current volume is an influx node, follow through in important for a continuation bull trend.
Overall, in my opinion, BATUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
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