$BAS so far still remains green, please comment if you take according to my rules
BASUSDT
Perp
0.005103
-17.03%
$BAS
{future}(BASUSDT)
has shown signs of potential decline, but I choose not to enter yet because I want to play it safe, even though the profit obtained is smaller.
In several timeframes, the average price is moving below the EMA, which is one of the indications that the market is under bearish pressure.
From the momentum side, the MACD on the 4-hour timeframe is still slightly above level 0 but has begun to show a downward direction, while on the 1-hour timeframe the MACD is already below 0, indicating a stronger downward momentum.
The RSI is currently around 40, indicating that selling pressure is still dominant, and the StochRSI confirms this RSI movement.
From this combination of indicators, we obtain several confirmations that the market is likely to continue its decline.
For those who want to try to enter right now, the entry area is at 0.005560 with a target of 0.003860.
However, it is important to remember that this setup is risky, so it is mandatory to use a stop loss in the range of 0.006000 – 0.007000, which is the resistance area as well as the high price in the last 24 hours.
This analysis is personal opinion and education, not an invitation, suggestion, or recommendation to buy or sell any specific assets. Each trading decision is entirely the responsibility of the individual. Risk always exists in trading, use risk management and stop loss according to personal risk tolerance.
{future}(BASUSDT)
has shown signs of potential decline, but I choose not to enter yet because I want to play it safe, even though the profit obtained is smaller.
In several timeframes, the average price is moving below the EMA, which is one of the indications that the market is under bearish pressure.
From the momentum side, the MACD on the 4-hour timeframe is still slightly above level 0 but has begun to show a downward direction, while on the 1-hour timeframe the MACD is already below 0, indicating a stronger downward momentum.
The RSI is currently around 40, indicating that selling pressure is still dominant, and the StochRSI confirms this RSI movement.
From this combination of indicators, we obtain several confirmations that the market is likely to continue its decline.
For those who want to try to enter right now, the entry area is at 0.005560 with a target of 0.003860.
However, it is important to remember that this setup is risky, so it is mandatory to use a stop loss in the range of 0.006000 – 0.007000, which is the resistance area as well as the high price in the last 24 hours.
This analysis is personal opinion and education, not an invitation, suggestion, or recommendation to buy or sell any specific assets. Each trading decision is entirely the responsibility of the individual. Risk always exists in trading, use risk management and stop loss according to personal risk tolerance.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.