From the daily chart structure, the downtrend of $BAS is very complete. Each rebound’s high is getting lower, indicating that the bulls don’t have the ability to reverse the situation at all. Price has stayed below an important resistance zone, and there are no signs of volume expanding—this is not a bottoming signal.
I believe there is still a period of accelerated downside ahead. As long as the trend hasn’t been broken, shorting is the most reasonable response. Be patient and wait for the market to confirm.
🔴 Trading Direction: Short
📍 Entry Range: 0.0294 – 0.0301
🛑 Stop Loss: 0.0327
🎯 Take Profit 1: 0.0275
🎯 Take Profit 2: 0.0250
🎯 Take Profit 3: 0.0224
#BAS
Click below to trade👇👇👇
I believe there is still a period of accelerated downside ahead. As long as the trend hasn’t been broken, shorting is the most reasonable response. Be patient and wait for the market to confirm.
🔴 Trading Direction: Short
📍 Entry Range: 0.0294 – 0.0301
🛑 Stop Loss: 0.0327
🎯 Take Profit 1: 0.0275
🎯 Take Profit 2: 0.0250
🎯 Take Profit 3: 0.0224
#BAS
Click below to trade👇👇👇