🔴 $BASED Short Setup 🔴
Price is approaching a key resistance region where signs of institutional distribution are emerging. Expanding OI, weakening smart money positioning, and negative basis suggest increased downside risk if resistance holds.
📉 Trading Plan Short $BASEDUSD
🎯 Entry: $0.08500 – $0.08650
• Wait for 2–3 candle confirmation before entry
• Look for rejection and loss of momentum near resistance
🛑 Stop Loss: $0.09400
• Above the recent short-layering zone
• Protects against a liquidity sweep and squeeze
✅ TP1: $0.07500 (-11.8%)
• First major liquidity target
✅ TP2: $0.06800 (-19.8%)
• Key support and profit-taking zone
✅ TP3: $0.06403 (-24.4%)
• Major liquidation target and hard POC anchor
⚠️ As long as price remains below $0.09400, the bearish structure remains intact. A rejection from the entry zone could trigger a sharp move toward lower liquidity levels.
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