emobe

BAT - Breakdown of daily channel

Short
emobe Updated   
BYBIT:BATUSDT.P   BATUSDT Perpetual Contract
BAT has been in a channel for ~45 days with a few attempts to break out to the upside but were pushed down by sellers.

On the 12H we can see it broke down out of the channel, retested and had a bearish candle after retesting.

I'm going to be opening a short with a TP at the golden fib line.
Trade active:

Rug was pulled quicker than I expected. The short is looking good so far.
Comment:
Moved my S/L to the swing high on the 6H
Comment:
I had moved my S/L again and the price came close but hit another resistance point but we're still in the short!
Trade closed: target reached:
Recent rug pull of BTC helped it but target has been reached!
Disclaimer

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.