📊 Technical Analysis: BASED/USDT (Daily Chart)
The asset has been showing a strong recovery structure on the 1D chart, indicating that buyer strength has taken control after testing significant lows.
📈 Current Scenario
Current Price: $0.095383 (+20.88%)
Trend: Short-term trend reversal to bullish, with the price working above key Moving Averages (MA) after a long accumulation period.
Volume: Displays a significant increase in buying volume (green bars at the bottom), validating the recent breakout.
🔑 Key Points for Trading
Main Technical Support: $0.078047 (Former resistance that now tends to act as strong support and a pullback area).
Support of Extreme Importance (Bottom): $0.057610 (Below this, the bullish structure is completely dismantled).
Exit Targets (Resistances):
Partial 1: $0.101104
Partial 2 / Main Target: $0.110013
(Recent peak of the previous top)
🛡️ Risk Management Strategy
As the low-cap altcoin market has high volatility, setting the Stop Loss and entry points (holding) is crucial:
Entry / Holding Zone: The best buying region (cost-effective) would be during a potential test (pullback) in the area between $0.085000 and $0.078000. Buying at the top of the current daily candlestick increases the risk of facing unnecessary corrections.
Technical Stop Loss: Positioned strictly below the last bullish pivot support, ideally at $0.073500. If the price loses this level, the bullish bias is negated in the short term.
$BASED
The asset has been showing a strong recovery structure on the 1D chart, indicating that buyer strength has taken control after testing significant lows.
📈 Current Scenario
Current Price: $0.095383 (+20.88%)
Trend: Short-term trend reversal to bullish, with the price working above key Moving Averages (MA) after a long accumulation period.
Volume: Displays a significant increase in buying volume (green bars at the bottom), validating the recent breakout.
🔑 Key Points for Trading
Main Technical Support: $0.078047 (Former resistance that now tends to act as strong support and a pullback area).
Support of Extreme Importance (Bottom): $0.057610 (Below this, the bullish structure is completely dismantled).
Exit Targets (Resistances):
Partial 1: $0.101104
Partial 2 / Main Target: $0.110013
(Recent peak of the previous top)
🛡️ Risk Management Strategy
As the low-cap altcoin market has high volatility, setting the Stop Loss and entry points (holding) is crucial:
Entry / Holding Zone: The best buying region (cost-effective) would be during a potential test (pullback) in the area between $0.085000 and $0.078000. Buying at the top of the current daily candlestick increases the risk of facing unnecessary corrections.
Technical Stop Loss: Positioned strictly below the last bullish pivot support, ideally at $0.073500. If the price loses this level, the bullish bias is negated in the short term.
$BASED