$BASED 0.11 Reversal Setup 🔥
$BASED — this is exactly why I wouldn’t chase the pump
The move to $0.10 was strong, but price immediately rejected it and came back to $0.074.
What I see now:
🔴 $0.080–0.082 = first important reclaim zone
🟢 Above $0.082, the setup can start looking bullish again → $0.09 / $0.10
⚠️ At $0.074, we're sitting in the middle of the range — not an ideal chase entry.
🔻 Lose $0.070, and I’d expect another test of $0.065–0.060
Most important: the pump itself isn't confirmation of a reversal. We need to see whether buyers can reclaim the MA / previous resistance after the pullback.
And given the lesson from the other charts: don't wait for five green candles to manage the position. Take partials into strength and protect the trade.
$BASED — this is exactly why I wouldn’t chase the pump
The move to $0.10 was strong, but price immediately rejected it and came back to $0.074.
What I see now:
🔴 $0.080–0.082 = first important reclaim zone
🟢 Above $0.082, the setup can start looking bullish again → $0.09 / $0.10
⚠️ At $0.074, we're sitting in the middle of the range — not an ideal chase entry.
🔻 Lose $0.070, and I’d expect another test of $0.065–0.060
Most important: the pump itself isn't confirmation of a reversal. We need to see whether buyers can reclaim the MA / previous resistance after the pullback.
And given the lesson from the other charts: don't wait for five green candles to manage the position. Take partials into strength and protect the trade.
