We saw alts sell off significantly over the weekend as investors shifted their positions to btc ahead of the hard fork (still a couple weeks away) causing btc to rally significantly while alt ratios crashed. BAT suffered more than most due to the fact that they also disappointed with not releasing their Mercury update on Friday as expected and we're not testing levels that haven't been seen for some time but should serve as solid lower risk entries where price is currently at down to ~36k SATs.
Entry levels: 42k SATs down to ~36k SATs
Targets: Take some off the table at ~47k SATs then at ~52k SATs to pull out some of your risk capital but keep a stake with much higher up-side targets due to expected Mercury release this coming week. Risk / Reward looks good on this one if the company delivers on their promise.
Entry levels: 42k SATs down to ~36k SATs
Targets: Take some off the table at ~47k SATs then at ~52k SATs to pull out some of your risk capital but keep a stake with much higher up-side targets due to expected Mercury release this coming week. Risk / Reward looks good on this one if the company delivers on their promise.