$BASED
/USDT PERP – Short Setup ⚠️📉
BASED has printed a strong +25% move, but the structure now looks overheated after tapping the 24h high (0.12189) and pulling back sharply to the 0.105 zone. This kind of rejection near highs often signals exhaustion rather than continuation.
The current price is struggling to reclaim higher levels, while the Supertrend values are positioned significantly above price — indicating bearish pressure on higher timeframes. The wide gap between current price and upper resistance zones suggests limited upside and a higher probability of retracement.
Volume spike (1.86B) also hints at possible distribution at the top rather than fresh accumulation.
Trade Plan (Short):
Entry:
0.1055
0.1080
Stop Loss:
0.1165
Take Profit Targets:
0.0980
0.0915
0.0850
📌 If price fails to reclaim 0.108–0.11 zone, downside continuation toward lower support levels is likely.#Mishicryptok