$$BASED Up 36% in 24 hours to 0.1127, but 0.1139 is a hard top? Bulls ran 800k USD in volume but couldn't break through. This is not a breakout, it's a bull trap!

Strong opinion: 0.1127 is a fake breakout. The three consecutive upper shadows on the 4-hour chart tell you that floating profit positions from 0.0828 are being dumped. RSI dropped from 79 to 71, divergence signal is flashing red — price made new highs but indicators didn't follow. In the past 24 hours, it failed to break 0.1137 three times. The high at 0.1139 is a fakeout level.

Don't rush, let me back it up with data: Volume has shrunk from a peak of 120k USD in the morning session to 40k USD now, a clear volume-price divergence. For a real breakout, it must surge in volume to take out 0.114 and hold above it. Otherwise, it's a pullback scenario. Set your stop loss at 0.108. If it breaks below this level, the next support at 0.098 is the first target.

Trading suggestion: Entry — short at current price 0.1127, light position 2% of capital. If 0.1139 breaks, stop loss immediately, don't hold. Take profit — first target 0.098, second target 0.085 (near 24-hour low). Stop loss — 0.1155. Once this price level is held, the short thesis is invalid.

Poll time: Do you think this wave is a washout then a run to 0.14, or a pullback to 0.08? Bet in the comments, let me see who understands the candlesticks.

I'm Old K, specializing in fake breakouts. Want to catch these signals? Keep an eye on me. Don't wait for the pullback and then blame the whales for tricking you. This trade on $BASED, stop loss 0.1155, are you following?