$BAS has surged 18% in a single day and is currently consolidating above a key breakout level. This is a typical healthy reset after a short squeeze, rather than a peak signal.
🎯 Direction: Long
🎯 Entry: 0.00545 - 0.00555
🛑 Stop Loss: 0.00525 (rigid stop loss, logic invalid if it drops below the previous 4H bullish candle low)
🚀 Target 1: 0.00605
🚀 Target 2: 0.00650
Market Analysis: The price has strongly broken through and stabilized above EMA20 (0.0047) and EMA50 (0.0042), confirming a trend reversal. The 4H level has consecutive bullish candles with volume, and although the last candlestick closed with an upper shadow, the buying depth is significantly imbalanced (-21.32%), with clear accumulation of buy orders below, indicating that institutions are protecting and accumulating at key price levels.
Hard Logic: This round of increase is accompanied by stable open interest (OI), and the funding rate is only 0.0416%, far from the danger threshold (>0.05%), eliminating the possibility of the main force raising prices to offload. RSI (76.46) is in the overbought zone, but this is normal in a short squeeze market. Combined with the negative depth imbalance, it indicates that bears are still passively covering, and selling pressure has not truly formed.
Key Levels: The previous high of 0.00505 has turned into strong support, and the current pullback is just a confirmation of the breakout. The stop loss is set at 0.00525, below the previous volume bullish candle's body, with clear logic. Target 1 looks at the previous high resistance area, and Target 2 is at the Fibonacci extension level. Risk-reward ratio >2.5, risk is controllable.
Trade here 👇$BAS
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