$BAS showing early signs of a bullish rebound
After consolidating near a key support zone, $BAS is starting to form a cleaner structure with higher lows, signaling that buyers are stepping back in.
Technical Breakdown
Support / Demand: Price found a strong floor around $0.0070–$0.0072, where buyers absorbed selling pressure.
Market Structure: Higher lows are forming after the recent dip, indicating improving structure and weakening selling pressure.
Momentum & Volume: Volume picked up slightly on the bounce, confirming buying interest rather than a weak retracement.
Resistance: Immediate resistance is around $0.0075–$0.0076, with the next significant level near $0.0080.
Why Momentum Is Shifting
stopped making lower lows, buyers are stepping in early, and volume confirms accumulation. This sets the stage for a potential continuation move to the upside.
Long Trade Idea
Strategy: Buy dips into the $0.0070–$0.0072 support zone or hold current positions.
Bias: Trend continuation as long as higher lows hold.
Approach: Patience is key — let the chart confirm strength.
Key Levels
Support Zone: $0.0070 – $0.0072
Resistance: $0.0075 – $0.0076
Major Upside / ATH Target: $0.0085+ if momentum continues
Risk Management
Stop-loss just below support. Protect capital first — volatility can spike quickly.
