【$BAS Signal】Long + 1H pullback confirmation, main force clearly intends to support the market
$BAS The 1H timeframe is testing a critical support zone (0.0069-0.0071) for confirmation, which is a typical healthy consolidation after a breakout. The 4H timeframe has stabilized above all moving averages, the upward trend structure is intact, and stable open interest indicates that funds have not exited. Although the current price has slightly pulled back, the buy depth in the 0.00713-0.00715 range is unusually thick, forming a strong support wall, clearly showing the main force’s intention to support the market. The 1-hour RSI has fallen from the overbought zone to neutral, preparing for another upward push.
🎯 Direction: Long (Long)
⚡ Entry/Order: 0.006900 - 0.007082
🛑 Stop Loss: 0.006750
🚀 Target 1: 0.007500
🚀 Target 2: 0.007900
🛡️ Trading Management:
- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the stop loss of the remaining position up to the entry price of 0.0070. If the price strongly breaks through 0.0075 and stabilizes, move the remaining position’s stop loss to 0.0073 to aim for the second target.
Depth Logic: Over the past 24 hours, the price surged by 16%, but open interest remained stable. This is not simply a short squeeze but indicates genuine funds are supporting the move. Market data shows that buy orders below are much deeper and denser than sell orders, forming a solid support base. The price on the 1-hour chart has pulled back to near the EMA20, while the 4H remains in a strong zone after volume breakout, with multi-timeframe resonance providing support. The funding rate is only 0.005%, indicating no overheating risk and leaving room for further upward movement.
View real-time market 👇 $BAS
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