Over the past week, $BASED has experienced a textbook-level bottom reversal: starting from a high of $0.064 on April 6th, it continuously declined to $0.0495, a drop of 23%. Then, after consolidating in the $0.049-$0.055 range for four days, it began a volume breakout on April 12th, breaking through two key resistance levels at $0.060 and $0.066 consecutively, with the highest reaching $0.0739 today, a +49% increase from the low point.

There are several important signals worth noting about this breakout:
① Volume breakout confirms the main force's intention. On the 4-hour chart, a historical volume of 253M was recorded, accompanied by a rapid price surge from $0.066 to $0.0717. This is a genuine breakout, not retail-driven.
② Healthy pullback. The price retraced from the high of $0.0739 to the current $0.068 with decreasing volume, quickly shrinking to 31M, indicating that the bulls are not panicking and fleeing, which is a normal technical retracement.
③ The moving average system has turned bullish. The 4-hour EMA20, EMA60, and EMA120 are all aligned in a bullish order, with the price above all moving averages.
But now is not the best entry point. The current price of $0.068 is in a "neither high nor low" position—buying on the rise with a tight stop-loss is risky; waiting for a deeper pullback is more cost-effective.
Trading plan suggestion: wait for a rebound and stabilization in the $0.064-$0.066 range before going long.
Stop-loss set at $0.059 (below the previous support zone), target $0.074-$0.080, with a risk-reward ratio of approximately 3:1 to 5:1 ✅
The trend has been confirmed; follow along without rushing.
‍#Gate广场四月发帖挑战 $BASED