After losing 30% in a single day,
$BAS still has not found buyers willing to defend an apartment.
Trading Plan:
Entry: 0.0325 ā 0.0345
SL: 0.0390
TP1: 0.0280
TP2: 0.0248
TP3: 0.0230
Why this setup?
⢠The 4H structure shows a clear bearish trend, with the price breaking below the Bollinger mean (0.0356) and the 0.0353 support.
⢠The RSI(6) at 31 shows weak momentum but without extreme seller exhaustion, leaving room for the fall to continue.
⢠The entry zone corresponds to a retest of the former support area, now resistance, after the bearish breakdown.
⢠The SL is placed above the structural resistance at 0.039, outside the noise of the latest candles.
⢠In 90 days, BAS accumulates +428%, so this pullback is still within a larger underlying trend.
Is it just profit-taking after the 90-day rally, or the start of a deeper correction?
Click here to Trade š
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