$BASED Strategy: The Institutional Fade
Forget the noise, look at the structure. Retail is trying to 'long' a range top, but 'Smart Money' is fading the move. We enter on the confirm of the lower high to ride the volatility back to the range base. Manage your risk, as this is a precision snipe.
Entry Zone: $0.1390 – $0.1410 (Optimal Fade Zone)
TP1: $0.1350 (Structural Support)
TP2: $0.1320 (Mid-Range Point)
TP3: $0.1280 (Range Low/Liquidity Pool)
Stop Loss: $0.1460 (Above the recent liquidity sweep)
Trade Logic:
The setup is a Range High Fade with Liquidity Sweep Confirmation. $BASED is failing to break crucial resistance at $0.1450. On the 15m, RSI is weak (below 47), confirming no buying pressure. The confluence of the 1H pivot point at $0.13965 and the horizontal range high makes this a high-probability, low-risk short. Don't chase the move; wait for the precision entry.
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