Headline: 🚀 $BASED Technical Recovery – Is the Bottom In?
The bears have been screaming, but the charts are whispering something else. After a heavy sell-off, #BASED is showing classic "Oversold" signals on the higher timeframes.
The Signal:
🔹 RSI (4H): Deep in the oversold territory (<30).
🔹 MACD: Bullish divergence forming on the 1H chart.
🔹 Structure: Testing a critical psychological support zone.
Trading Setup:
⚡️ Entry: 0.0690 - 0.0696
⚡️ Targets: 0.0740 | 0.0790 | 0.0840+
⚡️ Stop Loss: 0.0645
We are playing the relief rally here. The trend is still bearish, so keep your leverage tight and eyes on the screen. Let’s hunt this bounce! 🎯