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【$BASED Signal】Long breakout + deep buy orders, targeting target 2
$BASED Buy side depth is 2.65 times the sell side depth, revealing an intention to support the price. The 4H MACD golden cross continues to expand, and the upper band of the 1H Bollinger Bands at 0.0793 has been pierced. If the candlestick closes firmly above, acceleration will follow.
🎯Direction: Long
⚡Entry/Limit Order: 0.0776165 - 0.0778500
🛑Stop Loss: 0.0741275
🚀Target 1: 0.0834338
🚀Target 2: 0.0862256
🛡️Trade Management: - Execution strategy: Reduce position by 50% upon reaching Target 1 and move the stop loss to breakeven. If the price drops back to the entry level, exit automatically to protect capital.
The 1H RSI at 75.85 has not yet reached the overbought extreme, and the MACD histogram continues to increase in volume, indicating that bullish momentum has not exhausted. The 4H Bollinger Bands are opening upward, with a good channel between 0.0610 and 0.0839. The current price of 0.07785 is about 4.7% away from the stop loss, with a risk-reward ratio of 1.5, making it a moderate short-term trade.
View real-time market 👇 $BASED
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