🚀 $BASED – DEAD CAT OR REAL REVERSAL? ⚡🔥
BASED pumped hard to ~0.33, then dumped aggressively to ~0.08 → now bouncing back to ~0.126, showing early recovery after a massive blow-off top 👀
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📊 Key scenarios to watch:
* Entry zone: 0.10 – 0.12
* Strong support: 0.08 – 0.09 (losing this = full reset downtrend)
* Reclaim level: 0.14 – 0.16 (first real bullish signal)
* Upside target: 0.18 – 0.20+ if momentum continues
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⚠️ Structure: still a post-pump distribution → trend not fully reversed
💡 Momentum (PSY): rising again → buyers stepping in, but still fragile
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🔥 Strategy:
Treat this as a bounce play, not a confirmed trend — wait for reclaim above 0.14 or pullback to support before entering