🚀 $BASED — Bullish Long Setup | Bulls Fight Back After a Heavy Sell-Off
LONG 🟢
After a sharp sell-off, BASED has bounced strongly from the $0.040 zone and reclaimed $0.050 with a powerful bullish candle. Momentum appears to be improving, but a short-term pullback remains possible after such a rapid recovery.
📍 Entry Zone: $0.0500 – $0.0518
🛑 Stop Loss (SL): $0.0470
🎯 Take Profit Targets:
- TP1: $0.0530
- TP2: $0.0550
- TP3: $0.0580
📈 Market Analysis:
The recovery from $0.040 and reclaim of $0.050 suggest buyers are attempting to regain control. The key now is whether the price can hold above $0.050 and establish it as support. If buyers maintain this level, the next upside targets are $0.0530, $0.0550, and potentially $0.0580.
However, after a strong upward candle, profit-taking or a retest of the reclaimed level could occur. A sustained move below $0.050 would weaken the bullish outlook, while a break toward the stop-loss level would invalidate the setup.
🔑 Key Levels:
- Major Rebound Zone: $0.0400
- Key Support: $0.0500
- Entry Zone: $0.0500 – $0.0518
- Upside Targets: $0.0530 → $0.0550 → $0.0580
⚠️ Risk Note: Avoid chasing an extended candle. Watch for confirmation that buyers can defend $0.050, and manage position size according to your risk tolerance.
Bullish Bias: Holding above $0.050 could support further recovery toward $0.0580, but failure to maintain support may lead to a pullback.
Buy and Trade $BASED here 👇
DYOR.
LONG 🟢
After a sharp sell-off, BASED has bounced strongly from the $0.040 zone and reclaimed $0.050 with a powerful bullish candle. Momentum appears to be improving, but a short-term pullback remains possible after such a rapid recovery.
📍 Entry Zone: $0.0500 – $0.0518
🛑 Stop Loss (SL): $0.0470
🎯 Take Profit Targets:
- TP1: $0.0530
- TP2: $0.0550
- TP3: $0.0580
📈 Market Analysis:
The recovery from $0.040 and reclaim of $0.050 suggest buyers are attempting to regain control. The key now is whether the price can hold above $0.050 and establish it as support. If buyers maintain this level, the next upside targets are $0.0530, $0.0550, and potentially $0.0580.
However, after a strong upward candle, profit-taking or a retest of the reclaimed level could occur. A sustained move below $0.050 would weaken the bullish outlook, while a break toward the stop-loss level would invalidate the setup.
🔑 Key Levels:
- Major Rebound Zone: $0.0400
- Key Support: $0.0500
- Entry Zone: $0.0500 – $0.0518
- Upside Targets: $0.0530 → $0.0550 → $0.0580
⚠️ Risk Note: Avoid chasing an extended candle. Watch for confirmation that buyers can defend $0.050, and manage position size according to your risk tolerance.
Bullish Bias: Holding above $0.050 could support further recovery toward $0.0580, but failure to maintain support may lead to a pullback.
Buy and Trade $BASED here 👇
DYOR.