$BAS Signal】1H Overbought, Sniping from Above


$BAS 1H level surging higher and then pulling back, RSI soaring to 84.5, buying pressure breaks. The upper band of the 4H Bollinger Bands near 0.0167 shows selling pressure, MACD histogram begins to shrink. Funding rate is 0.11% which is relatively high, but open interest remains stable, indicating bulls haven't collapsed.

Current price around 0.0161, go short directly, with support above 0.0166. Watch for a pullback to 0.01615, if broken, then look at 0.01621.

This position's risk-reward ratio isn't perfect, but the first pullback after overbought conditions is worth a try.

Check real-time market 👇 $BAS
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BAS71.35%
BTC1.82%
ETH1.61%
SOL2.21%
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