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Wait, check that wick on $BASED ... someone just got liquidated or a whale just exited heavy.
The chart is looking messy after that massive pump to 0.32. We’ve basically retraced the whole move and now we're just hovering around 0.12.
If you look at the daily candles, we are seeing some support trying to form near the 0.09 to 0.10 zone, but the volume is drying up fast. 36M USDT volume isn't much for a perp that's down 6% today.
I’m watching for a reclaim of 0.15 before I even think about it. Right now it feels like it’s just bleeding out slowly. If 0.12 snaps, we might be headed back to that 0.05 floor.
Staying patient on this one. Better to miss the bottom than catch a falling knife.
#TapAndPayWithGateCard