$BASED down 40%+ from the highs — every rally has been sold, no exception yet 📉
The trend:
• Spiked to 0.13 then straight rejection back to 0.10 — that top is proven resistance now
• Second attempt to 0.11 also failed — lower high confirmed
• Since then it's been a steady staircase down: 0.10 → 0.09 → 0.083
• Volume has been fading on every bounce — buyers showing less conviction each attempt
This is a clean descending structure — lower highs, lower lows, no real basing yet. The two failed rallies at 0.10-0.11 are now overhead supply that needs to be reclaimed before any bullish case matters.
Levels:
• 0.083-0.085 is current battleground — a break lower opens 0.075 and then the 0.06 volume shelf
• Reclaim 0.09 → first sign of stabilization
• Reclaim 0.10 → trend change confirmed, not before
Nothing here says "buy the dip" yet — it's a downtrend until a higher low actually prints.
Not financial advice — don't fight the trend without confirmation.
Waiting for capitulation or already positioned on $BASED ? 👇
The trend:
• Spiked to 0.13 then straight rejection back to 0.10 — that top is proven resistance now
• Second attempt to 0.11 also failed — lower high confirmed
• Since then it's been a steady staircase down: 0.10 → 0.09 → 0.083
• Volume has been fading on every bounce — buyers showing less conviction each attempt
This is a clean descending structure — lower highs, lower lows, no real basing yet. The two failed rallies at 0.10-0.11 are now overhead supply that needs to be reclaimed before any bullish case matters.
Levels:
• 0.083-0.085 is current battleground — a break lower opens 0.075 and then the 0.06 volume shelf
• Reclaim 0.09 → first sign of stabilization
• Reclaim 0.10 → trend change confirmed, not before
Nothing here says "buy the dip" yet — it's a downtrend until a higher low actually prints.
Not financial advice — don't fight the trend without confirmation.
Waiting for capitulation or already positioned on $BASED ? 👇
