Tracking how BATBTC interacts with this level can help us determine where prices are headed next.
If this 'important support' holds, meaning that prices remain trading above it, Basic Attention Token can easily grow.
But if instead this support is broken, the .786 Fib. retracement level becomes relevant, meaning that prices can easily move lower before deciding to either bounce or go even lower.
So instead of predicting what will happen, we take action based on what is happening.
I wouldn't trade here, I would wait longer or for stronger/better signals before jumping in... This is just my opinion, of course, do your own research before you trade.
This is Alan Masters.
Thanks a lot for reading.
It Is The Altcoins Turn | Boom Alts, Bust BTC