$BASED experienced a long liquidation event, triggering forced selling pressure as leveraged bullish positions were flushed from the market

The $1.65K liquidation highlights a leverage reset, increasing volatility and pushing price into a key demand zone where buyers will need to defend support

EP
0.0890 - 0.0920

TP
TP1 0.0950
TP2 0.1000
TP3 0.1080

SL
0.0860

Liquidity was swept below recent support levels, removing excess leverage and creating a healthier market environment

The selloff appears primarily driven by liquidation activity rather than a confirmed bearish trend reversal, making the current support region critical to monitor

As long as buyers continue defending the demand zone and begin forming higher lows, the potential for a recovery toward higher resistance levels remains favorable

A successful reclaim of 0.0950 could attract fresh momentum and open the path toward the next liquidity targets

The leverage reset has cleared weak hands from the market, and traders will be closely watching whether $BASED can rebuild strength from current levels

Let’s go $BASED ‌