$BAS 1H level is currently in a healthy flag consolidation phase after experiencing a massive surge. The price is oscillating within the range of 0.0054-0.0058, with the 1H EMA20 (0.0053) providing strong dynamic support. The 4H level has confirmed a breakout from the previous oscillation box, and the trend has turned bullish; the current pullback presents an excellent second entry opportunity. OI remains stable, and funds have not significantly withdrawn, maintaining a bullish pattern.
🎯 Direction: Long
🎯 Entry/Limit Order: 0.00545 - 0.00550 (Reason: 1H EMA20 support zone coinciding with the lower edge of the flag)
🛑 Stop Loss: 0.00525 (Reason: Break below the lower edge of the flag and the previous 1H K-line low)
🚀 Target 1: 0.00590 (Reason: Previous high resistance and upper edge of the flag)
🚀 Target 2: 0.00630 (Reason: Based on a 1:1 measurement target of the flag height)
🛡️ Trade Management:
- Position Suggestion: Light Position (Reason: Hot Coin volatility is severe; control risk)
- Execution Strategy: After the price reaches Target 1, reduce position by 50% to lock in profits and move the stop loss of the remaining position to the entry price. If the price strongly breaks above 0.0059, the remaining position target can be set towards 0.0063.
Deep Logic: The buying power at the 4H level is strong, with the latest 4H K-line showing huge trading volume, a clear signal of the main force entering the market. The 1H RSI (61.39) has healthily retraced from the overbought zone, gathering strength for another upward move. Market data shows that the buying depth (bid_ask_ratio_depth: 1.19) is slightly better than the selling side, with dense support below. Combined with the positive funding rate, market sentiment is slightly bullish but not overheated, leaving room for further upward movement.
Trade here 👇$BAS
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