PlatON Network's LAT coin is expected to have a bullish reversal around this area. I would've liked the right wing to be slightly above the left one to make a perfect flying bat but the recent bitcoin crash has probably overextended the bottom. The break of the current swing low would invalidate this analysis and can potentially take the asset down to the previous all time low. So tread cautiously!
Trade closed: stop reached
The price broke the support and hit the stop loss slightly below entryNote
As suggested in the analysis, the break of the D point took the price down to the historic low and even beyond!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.