🚨 $BASED USDT Perp – High Probability Long Setup 🚨
Just watched this token defend the 24h low at 0.12767 with a strong lower wick after a brutal -19% flush. Momentum is showing clear exhaustion,. perfect bounce setup! 📈
Current Price: ~0.1290 - 0.133 (recovering fast)
📌 Key Levels:
Support: 0.12767 (24h Low) — Holding strong
Resistance: MA25 @ 0.1318 → MA7 @ 0.1379
Longer term support: ~0.1158
📌 Technical Confluence:
MACD histogram flattening near zero → selling pressure stalling
STOCHRSI at 60 (room to run)
High volume on the dip (711M+) usually leads to violent short-covering rallies
📌 Trade Setup (Long):
Entry: Market @ current or limit 0.1280-0.1290
Stop Loss: 0.1274 (below daily low) → Tight ~1.2% risk
Take Profits:
TP1: 0.1318 (+2.2%)
TP2: 0.1379 (+7%)
TP3: 0.148-0.150 (+15%+ runner)
Risk-Reward: Up to 1:5+
Scale out 50% at TP1, move SL to breakeven, trail the rest.
This is classic capitulation bounce in crypto. If we reclaim the short-term MAs with volume, expect a quick squeeze higher.
Who’s loading up? Drop your thoughts 👇
DYOR NFA