Here’s a more natural, trader-to-trader version:

While everyone’s piling into $BASED/USDT longs, the 4H chart is showing a quiet rejection that most traders seem to be ignoring.

$BASED — SHORT Setup

Entry: 0.06596 – 0.06640

Stop Loss: 0.06831

Targets:

🎯 TP1: 0.06458

🎯 TP2: 0.06352

🎯 TP3: 0.06192

Why I’m looking short here

The 15-minute RSI is sitting around 46.9, suggesting selling pressure is building before the market even reaches overbought levels.

On the daily timeframe, price is still ranging rather than trending higher. This looks more like a mean-reversion play than the start of a breakout.

An entry near 0.06618 with a stop at 0.06831 offers a solid risk-to-reward profile, with roughly 3:1 R:R just to TP1.

Price is retesting the same resistance area that was rejected yesterday, but this time on lower volume, which weakens the bullish case.

The question

Is this a high-probability short worth taking despite the moderate 55% confidence level, or is this just a trap before the next leg up?

What’s your take? 👇

#BASED #MRVLSoarsOnNVDATrillionDollarOutlook #BinanceRollsOutTradingInUSStocks