BATUSDT Short-term Trading Plan
BATUSDT seems like forming a simple A-B-C move after the pullback from the high of the March low rally. Point B pulled back to exactly 0.65 level from point A, and now we are having a final rally to point C. With a Fib-extension from the bottom to the top, we have a 0.65 level at 0.26 ish and a 1 to 1 level at 0.287 ish. Bulls who longed BAT at point B will likely to take some profit at 0.65 level since there is a resistance pivot there, but keep an eye on RSI and other indicators to make sure BAT is at overbought levels before shorting at 0.65 level since BAT could go all the way to 1 to 1 level at 0.287 ish. I do expect a drop at those levels since RSI and some indicators are at overbought levels already, and there might be a final push coming soon, either to 0.26 ish or all the way to 0.287 ish in my opinion, and they might be good positions to short. Thank you guys.
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