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🆘 $BASED hit with 2.7x sell volume spike, is this over or just starting?
- Given the current context and volume, I expect further downside movement in the short-term, with the next magnet zones being 0.09628 and 0.09333, unless there is a very strong reversal signal at or slightly below 0.08588.
- If you plan to enter a short, an ideal entry would be on a failed retest of 0.09919–0.10040 (watch for bearish formations there). First target at 0.09628, second target at 0.09333. Place your stop-loss above the swing high of the retest candle or above 0.10040.
- Do not chase the move down blindly—wait for a bounce and rejection, or if you want to try catching a reversal, wait for a clear sweep below 0.08588 and a strong reclaim with a reversal pattern.
- If price suddenly reclaims 0.10040 with strong volume and closes above, I would turn neutral and look for a squeeze to 0.10488. Only above 0.10488 would I expect a full trend reversal.
- This event looks more like engineered distribution and liquidity sweep by smart money than random panic, so be on guard for fakeouts and sharp reversals.
📝 Remember, this is not investment advice—just an educational report to help you navigate the high-volatility environment here. Manage your risk, watch for confirmations, and don’t rush into trades without clear signals!
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