After an explosive upside move, price has already delivered a strong expansion leg, and now $BAS is struggling to push higher. You can clearly see rejection from the upper zone helping to form a temporary top. Momentum has slowed, candles are compressing, and buyers are no longer aggressive at these levels. This usually signals profit-taking and a corrective pullback, especially after a +40% run in a short time. In such conditions, fading the highs offers a better risk-to-reward than chasing longs.

As long as price stays capped below the rejection zone, downside continuation remains valid.

Trade Setup (SHORT)

• Entry Point: 0.00565 – 0.00575

• Take Profit: 0.00510 / 0.00460 / 0.00412

• Stop Loss: 0.00645