$BAS Signal】Long | Breakout retest confirmed, short squeeze structure intact



$BAS After a volume breakout above the previous high resistance, a healthy retest confirmation is underway. The price is holding above the EMA20, with deep buy orders significantly thicker than sell orders, indicating institutional support.

🎯 Direction: Long

🎯 Entry: 0.00468 - 0.00475

🛑 Stop Loss: 0.00455 ( Break below the previous 4H candle body low, rigid stop loss )

🚀 Target 1: 0.00505

🚀 Target 2: 0.00535

Hardcore logic: At the 4H level, a clear volume-increasing uptrend followed by a volume-decreasing retracement structure. Key data resonance: Funding rate is only 0.005%, far from dangerous levels, ruling out main force manipulation for pump and dump. Open interest remains stable, combined with a buy order/depth imbalance of 16.93% and a buy/sell order ratio of 1.41, indicating the rally is driven by genuine buying rather than short covering. RSI at 67.45 is in a healthy strong zone, not overbought. The price retesting the previous breakout level of 0.00468 (former high turned support) and EMA20 dynamic support is a typical bullish retracement area. ATR indicates manageable volatility, with a clear stop loss space.

Trade here 👇 $BAS

---

Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
BAS7,45%
BTC-3,01%
ETH-1,8%
SOL-3,69%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)