BAT - Breakdown of daily channel

Mar 2, 2023

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.

Mar 3, 2023

Trade active

Rug was pulled quicker than I expected. The short is looking good so far.

Mar 5, 2023

Note

Moved my S/L to the swing high on the 6H

Mar 7, 2023

Note

I had moved my S/L again and the price came close but hit another resistance point but we're still in the short!

Mar 9, 2023

Trade closed: target reached

Recent rug pull of BTC helped it but target has been reached!