$BAS
❌ $BAS nosedived 4.9%, bottom fishing time?
- Given the current momentum, more downside is likely in the short term, with price targeting liquidity just below 0.024552. However, after such aggressive selling and a volume spike, a sharp relief bounce is also possible once the sell orders are absorbed.
- If you are considering entering a short position, the ideal entry would be on a retest and rejection at 0.026593 or 0.028925, with take profit targets around 0.024552. Make sure to wait for confirmation: look for a failed rally, clear rejection wicks, or lower timeframe momentum turning bearish before entering.
- For a long scalp, only consider buying if you see strong reversal signals at or just below 0.024552 (bullish engulfing, strong pin bar, or a clear shift in order flow on the 1m/5m). Take profit targets for any relief bounce would be 0.026593 and 0.028925. Place your stop at a swing low if long, or swing high if short, just outside the liquidity zone.
- If price quickly reclaims and holds above 0.028925 with volume, my bias would flip to expecting a bigger relief rally toward 0.032151.
📝 This is not investment advice, only an educational analysis. Please use proper risk management and always wait for confirmation before entering trades!
📊 Get detailed free analysis of any coin on any timeframe you want. Try Finora AI - Your Trade Buddy for free → tinyurl.com/FinoraBot
#BAS
❌ $BAS nosedived 4.9%, bottom fishing time?
- Given the current momentum, more downside is likely in the short term, with price targeting liquidity just below 0.024552. However, after such aggressive selling and a volume spike, a sharp relief bounce is also possible once the sell orders are absorbed.
- If you are considering entering a short position, the ideal entry would be on a retest and rejection at 0.026593 or 0.028925, with take profit targets around 0.024552. Make sure to wait for confirmation: look for a failed rally, clear rejection wicks, or lower timeframe momentum turning bearish before entering.
- For a long scalp, only consider buying if you see strong reversal signals at or just below 0.024552 (bullish engulfing, strong pin bar, or a clear shift in order flow on the 1m/5m). Take profit targets for any relief bounce would be 0.026593 and 0.028925. Place your stop at a swing low if long, or swing high if short, just outside the liquidity zone.
- If price quickly reclaims and holds above 0.028925 with volume, my bias would flip to expecting a bigger relief rally toward 0.032151.
📝 This is not investment advice, only an educational analysis. Please use proper risk management and always wait for confirmation before entering trades!
📊 Get detailed free analysis of any coin on any timeframe you want. Try Finora AI - Your Trade Buddy for free → tinyurl.com/FinoraBot
#BAS