$BASED
Don't chase the highs in BASED anymore, you think that's the takeoff, but in fact, it's the dogs pulling the ladder!
The contract traded 109 million and nearly doubled, yet funds are flowing out crazily, with a large holder long-short ratio of 1.35, all a trap. 12 hours of liquidation on long positions is twice that of shorts, this is precise slaughter.
Look at the chart, the institutional buying signal was cut off early, the K-line is gasping for breath under the pressure level of 0.0612, the biggest pain point is around 0.055, it’s strange if the dogs don't bring you down for liquidation.
Listen to me: directly short at the current price of 0.0591, hold the stop loss at 0.060873. Take profit in three steps: first take profit at 0.057327, analyze the pattern at 0.056815, and leave a bottom position at 0.055039 for net collection.
Open a Binance car, enjoy a Binance life. Click the avatar to enter the live room and let you see the dealer's hidden cards.
The above content is just market analysis and does not constitute any investment advice. Investment carries risks, and caution is needed when entering the market.
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#BTC #BASED