Veteran traders look at BASED, and the first thing they notice isn't the price increase, but whether there's anyone left to buy after the pump.
BASED has surged +16.55% in the past 24 hours, pushing sentiment to a peak. The focus now isn't on how much it rose, but whether the chasing funds can keep up. Current price is around 0.06993, with a 24h trading volume of approximately 11.5674 million. A strong volume breakout would indicate that funds are chasing the trend.
Key indicators: 30m RSI at 75.54 is showing signs of being overbought, suggesting that the chase sentiment is reaching its limit; 30m super trend at 0.064702, and the current price is above this level, indicating a continuation of the trend.
The market needs to answer two questions: Is the chasing sentiment starting to cool off, and has the trend protection level been breached again? If both hold, then this wave is worth discussing further; if only one stands, handle it according to sentiment fluctuations.
In these kinds of rallies, what's truly important isn't the price increase screenshot, but whether there's still support after a pullback.
#BASED #volatility_alert
BASED has surged +16.55% in the past 24 hours, pushing sentiment to a peak. The focus now isn't on how much it rose, but whether the chasing funds can keep up. Current price is around 0.06993, with a 24h trading volume of approximately 11.5674 million. A strong volume breakout would indicate that funds are chasing the trend.
Key indicators: 30m RSI at 75.54 is showing signs of being overbought, suggesting that the chase sentiment is reaching its limit; 30m super trend at 0.064702, and the current price is above this level, indicating a continuation of the trend.
The market needs to answer two questions: Is the chasing sentiment starting to cool off, and has the trend protection level been breached again? If both hold, then this wave is worth discussing further; if only one stands, handle it according to sentiment fluctuations.
In these kinds of rallies, what's truly important isn't the price increase screenshot, but whether there's still support after a pullback.
#BASED #volatility_alert