【$BAS Signal】High-level pullback to absorb buying, 1H Bollinger bands narrowing, waiting for a breakout

$BAS 4H Bollinger upper band touches 0.0235 then pulls back, 1H MACD volume bars shrink to 0.0001, momentum clearly weakening. Deep selling pressure -31.39%, orders around 0.023 are sparse, bears attempt to resist. Funding rate at 0.0266% is relatively high, open interest stable, potential short squeeze conditions not yet mature.
🎯Direction: Watch (Long position)
⚡Entry/Order: 0.0195 - 0.0200 (Pullback entry)
🛑Stop loss: 0.0179
🚀Target 1: 0.0228
🚀Target 2: 0.0244
🛡️Trade management: - Execute strategy: After reaching Target 1, reduce position by 50%, and move stop loss to breakeven. If price falls back into the entry zone, automatically exit to protect capital.
1H RSI at 67 remains high, directly chasing longs offers unfavorable risk-reward. Patience is needed, wait for price to retest the 4H EMA50 (around 0.020). If a 1H bullish divergence or volume increase signals a valid support, consider it. Currently, liquidity is concentrated at the lower edge; placing orders there is safer.
Check real-time market 👇 $BAS
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