BAT: Strong Buy At $0.22

avatar

image.png

I recently started following an interesting pattern on the Basic Attention Token (BAT).

From a macro perspective, BAT seems to like this support level of $0.20-$0.22.

In the midrange of BAT's trading activities, $0.20 tends to be the backbone of support while I like to treat $0.22 as the initial buy signal.

Anytime BAT drops below $0.22, I buy more.

The pattern I've found - if you look at the first chart in this post - is that BAT tends to rally off this $0.22 level within 2 months of the first buy: indicated by green recetangles.

If you buy in the green zones (any time BAT breaks below $0.22), you would have had an opportunity to sell it for a profit within 2 months of the first purchase date.

That said; nothing is a guarantee.

image.png

Here we see a closer timeframe. After cooling off from the major DeFi boom cycle, BAT has bottomed out again at $0.22.. hitting our first signal to buy.

I've already bought my first amount of BAT. When you see this chart cross the yellow line again, I'll buy my second round.

It's a simple technique and one for the long-term play. If you believe in the fundamentals of BAT, then buying anything below $0.22 and HODLing for the impending rally seems to be a great strategy. It's worked well for me over the past few months.

Posted Using LeoFinance Beta

bat basic trading eth defi brave leofinance neoxian palnet
0
0
0.000
4 comments
avatar

I was looking at buying some bat after another deep in the crypto market. It so happens to be one of my favourite tokens. Anything below $0.2 will be fine by me

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

This makes it pretty clear that buying BAT around 0.22 is a nice safe trading play for the mid-term. I'm looking to accumulate more BAT, so I'll keep this in mind.

I took the liberty of sharing this on twitter - hope you don't mind.

JK.

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

Congratulations @asteroids! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

You distributed more than 48000 upvotes. Your next target is to reach 49000 upvotes.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Do not miss the last post from @hivebuzz:

Hive Power Up Day - Introducing the Power Up Helper!
Hive Power Up Day - Let's grow together!
0
0
0.000
Reply