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$BAS The price of 0.06 is a trap. I'm betting 0.5 ETH that it will drop to at least 0.052 tomorrow. If you don't believe me, check the data yourself. It's up 21.8% in 24h with a trading volume of 44M, but the high is only 0.0618, not far from 0.06 yet it can't break through 0.062. Isn't that momentum exhaustion? A whale just dumped 2.8 million U worth of coins on-chain, and retail investors are still blindly buying. I've seen this script too many times—weekends are always altcoin correction days.
Trading advice: Don't chase longs near 0.06 right now. If you're out of position, wait for it to drop to around 0.045 before considering entering, and set a stop loss at 0.048. If you already have a position, set a stop loss at 0.057, take profit first at 0.052, and if it breaks, then look at 0.048. Keep your position size to 20% max—don't go all in. When the whales run in this kind of market, they don't hit the brakes.
Don't listen to those shouting bull run. Historical data shows that after a similar single-day surge, there's a 70% probability of a drop of more than 8% the next day. Calculate it yourself: 0.06 minus 8% = 0.0552. My expectation of 0.052 is conservative. I have one label: an altcoin correction hunter specializing in catching pullbacks. If you think I'm wrong, take a screenshot and come slap me in the face tomorrow.