$BAT BAT up 2.97% in 6h – steady move, but overbought flags are flashing.
My take:
Price pushed from $0.1033 to $0.1061 on decent volume, but RSI 6 just hit 82 – that’s overheated for a scalper. Meanwhile, net outflow of ~$293k in the last 6h suggests smart money is taking profits. Community is split: some see continuation, others expect a pullback.
Scalping plan (short timeframe):
· Entry (short): Look for a rejection near $0.107–$0.108. If price stalls and volume drops, consider a quick short scalp targeting the mid-Bollinger (~$0.099).
· Long scalp: Wait for a dip to $0.103–$0.104 with volume drying up. First target $0.107, second $0.110.
· Stop loss: Tight – 2–3% max. For long scalps, below $0.102; for shorts, above $0.109.
Risks:
Bollinger bands are expanding – volatility can spike either way. RSI extended means any flush could be fast. Money flow is negative, so don’t chase.
Momentum is there, but this feels like a pullback setup more than a breakout runner. Scalp small, take profits early.#Write2Earn $BAT
