if you want to short BASUSDT, play it like a 'top catch' against the trend. This one is on a strong uptrend, so shorting requires more discipline than longing; one wrong move and you might get short squeezed out.
1. 3 ways to enter Short with BASUSDT right now
Type 1: Short at resistance rejection - highest risk
- Entry point: 0.02920 - 0.02928, right at the old peak 0.029288
- Logic: Price tests the peak 3 times without breaking, then gets sold off
- SL: 0.02950 on the top 10-15 pips
- TP: 0.02850 TP1, 0.02820 TP2
- Risk: If it breaks 0.029288, the Short is dead. Only trade 1-2% of your account.
Type 2: Short on support break - safer.
- Entry point: Wait for the 1-hour candle to close below 0.0280.
- Logic: Support at 0.028597 has broken, confirming the bulls are weak.
- SL: 0.02840 above the breakout candle.
- TP: 0.02750 TP1, 0.02680 TP2.
- Risk: Lower because following the downward trend, but confirmation is needed.
Type 3: Short on bearish divergence - wait for the signal.
- Entry point: When RSI/H1 makes a lower high but price makes a higher high.
- Logic: Weak momentum despite price still rising.
- SL: Above the divergence peak.
- TP: Back to the nearest support zone.
Currently, there’s no divergence in the chart, so just use types 1 and 2.
2. Survival rule when Shorting BAS.
1. Don’t Short when funding is high: Current funding is 0.01603%/4h. If it goes >0.05%, skip the Short, as Longs pay high fees and are easily liquidated.
2. Keep the volume small: BAS has low liquidity, 200 USDT is a big order already. 5-10 USDT is enough. Leverage max 1x-2x.
3. Mandatory to set SL: Don't set SL = throwing money away. This one can move 3% in a single candle.
4. Don’t hold losses: Shorting against the trend and holding is a death sentence. If wrong, cut immediately.
3. Specific plan for the first Short order.
1. Wait for the price to retrace to 0.02920-0.02925.
2. Enter Short with 5 USDT, leverage 1x.
3. SL 0.02950, TP 0.02850.
4. If SL hits, stop, no DCA. A loss is a loss, re-enter later.
Check the waves here.#bas 