$BASED - double top near 0.1535 with HNS forming on lower timeframe. Neckline pressure building as buyers lose control. Will 0.14767 break and confirm the pattern? 📉
Trade Plan: Short $BASED
✅ Entry: 0.147 – 0.153
⛔ SL: 0.15585
🎯 TP: 1️⃣ 0.12918 | 2️⃣ 0.10538 | 3️⃣ 0.08234
⚠️ Strategy: Enter With Order size worth 2.5% of total Capital 🆘
🧑💻 Why this Setup?
Price forming a double top near $0.1535 with a developing head & shoulders on lower timeframes, indicating distribution. Momentum is weakening as buyers fail to push higher. As long as $0.15585 holds, structure stays bearish. Break below $0.12918 can trigger continuation toward $0.10538 and $0.08234.
Trade $BASED here 👇
Trade Plan: Short $BASED
✅ Entry: 0.147 – 0.153
⛔ SL: 0.15585
🎯 TP: 1️⃣ 0.12918 | 2️⃣ 0.10538 | 3️⃣ 0.08234
⚠️ Strategy: Enter With Order size worth 2.5% of total Capital 🆘
🧑💻 Why this Setup?
Price forming a double top near $0.1535 with a developing head & shoulders on lower timeframes, indicating distribution. Momentum is weakening as buyers fail to push higher. As long as $0.15585 holds, structure stays bearish. Break below $0.12918 can trigger continuation toward $0.10538 and $0.08234.
Trade $BASED here 👇