BAT: Strong Buy At $0.22

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.

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