$BASED 1H Setup Still Favors Sellers Below Key Resistance
LIMIT ORDER
$BASED SHORT SELL
ENTRY: 0.09109–0.0992
TP1: 0.0846
TP2: 0.07673
TP3: 0.06423
SL: Above the most recent swing high
Market Outlook (1H)
$BASED remains in a bearish short-term structure with sellers maintaining control while price trades below the 0.0992 resistance area. The preferred short entry is on a rejection from the 0.09109–0.0992 supply zone with confirmation from a bearish engulfing candle or lower timeframe reversal. Downside targets are 0.0846, 0.07673, and 0.06423 if selling pressure continues. The bearish outlook is invalidated by a confirmed close above 0.0992, shifting the focus toward 0.10574 and 0.10927.
LIMIT ORDER
$BASED SHORT SELL
ENTRY: 0.09109–0.0992
TP1: 0.0846
TP2: 0.07673
TP3: 0.06423
SL: Above the most recent swing high
Market Outlook (1H)
$BASED remains in a bearish short-term structure with sellers maintaining control while price trades below the 0.0992 resistance area. The preferred short entry is on a rejection from the 0.09109–0.0992 supply zone with confirmation from a bearish engulfing candle or lower timeframe reversal. Downside targets are 0.0846, 0.07673, and 0.06423 if selling pressure continues. The bearish outlook is invalidated by a confirmed close above 0.0992, shifting the focus toward 0.10574 and 0.10927.