The standout point on the $BASED chart is the textbook retest observed after the breakout.
We'd seen a similar structure in $LAB & $BEAT before. Prolonged consolidation, breakout, retest, and then strong price discovery...
{future}(BEATUSDT)
{future}(LABUSDT)
Right now, #BASED might be in the early stages of a similar scenario.
The downtrend structure has broken
{future}(BASEDUSDT)
The retest is underway
Support is holding
If buyers continue to defend this area, a move like $LAB's would...