For people that believe in BAT and would like to hold it for the long term, I recommend buying from the following points based on the Fibonacci analysis and the current uptrend.
1) Buy If it breaks $0.23
2) Buy if it pulls back towards the uptrend, which is currently at $0.18 but will rise with time. Of course, it would be best to buy at a point where the uptrend and a fib level intersect but this is not guaranteed to happen.
Stop loss for scenario 1 would be $0.215 (>7% loss).
Stop loss for scenario 2 would be $0.163 (>10% loss if bought around $0.18).
1) Buy If it breaks $0.23
2) Buy if it pulls back towards the uptrend, which is currently at $0.18 but will rise with time. Of course, it would be best to buy at a point where the uptrend and a fib level intersect but this is not guaranteed to happen.
Stop loss for scenario 1 would be $0.215 (>7% loss).
Stop loss for scenario 2 would be $0.163 (>10% loss if bought around $0.18).
