$BASED USDT (1h) - Trend Line Breakdown & Bearish Extension


​Bias: Short
​Entry (Zone): 0.01630 – 0.01680
​Targets:
​TP1: 0.01580
​TP2: 0.01520
​TP3: 0.01450
​Stop Loss: 0.01735
​Why this Setup:
​I’m leaning short after a steep, high-volume breakdown that forced the price out of its previous ascending consolidation structure, dropping down to a local low of 0.01594. The subsequent attempt at a relief rally was quickly cut short, leaving a clear lower high on the 1-hour chart as sellers stepped back in around the 0.01670 area. With market momentum heavily favoring the downside and previous trendline support flipping into overhead resistance, I expect the price to continue its descent to retest and break below the 0.01594 structural floor.

#GateSquareMayTradingShare
BASED
BASEDbased
Pump.Fun
MC:$2.73KHolders:1
4.31%
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