【$BASED Signal】1H timeframe strong breakout, short squeeze structure initially forming

$BASED 1H timeframe volume breakout above Bollinger upper band 0.1152, price has already surpassed all short-term moving averages. The 4H MACD histogram remains in negative territory but is shrinking rapidly, indicating bearish momentum is weakening. Currently, the negative funding rate is -0.0128%, combined with buy order depth 2.24 times higher than sell orders, indicating short positions face squeeze risk.

🎯Direction: Long

⚡Entry: Enter at current price around 0.1153, or buy in stages on pullback to 0.1034-0.1147 range.

🛑Stop-loss: Below 0.0969

🚀Target 1: 0.1164

🚀Target 2: 0.1229

🛡️Trade management:
- Execution strategy: After price reaches 0.1164, halve the position, and move the remaining stop-loss up to the entry price. If price fails to hold above 0.1147 and falls back, consider exiting early.

1-hour RSI approaches 69, not yet in overbought zone, room for further upward movement. 4-hour Bollinger bands are starting to widen, with the middle band at 0.1059 serving as support for pullbacks. Position size remains stable, no signs of large traders offloading, and the sustainability of this rally is more promising than mere emotional speculation. Current risk-reward ratio is close to 1:1, risk is manageable.

Check real-time market 👇 $BASED
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