【$BASED Signal】More pullbacks to accumulate, and the 4H trend continues

$BASED 1H timeframe: It spikes up and then pulls back, with selling pressure appearing near the 4H Bollinger upper band at around 0.1314. The 1H MACD histogram bars are contracting, and bullish momentum is slowing down. The order book depth is imbalanced by 17.57%; buy orders are thicker, but aggressive sell orders are pushing the price lower.

Current price is 0.1179. Chasing higher directly has a poor risk-to-reward. Wait for a pullback, and place buy orders around 0.1063.

🛑Place defense below 0.0989.

🚀The first target looks to 0.1211, which is the previous high resistance area.

🚀The second target is 0.1285, close to the 4H Bollinger upper band.

🛡️Trade management: - Execution strategy: After the price hits 0.1211, cut the position in half. For the remaining position, move the stop loss up to the entry price. If the price cannot hold above 0.1173, consider exiting early.

On the 4H timeframe, the MACD is still expanding, and the trend has not broken. The negative funding rate of -0.0058% is favorable for longs, and there is a possibility of a short squeeze (squeeze out short positions). The 1-hour EMA20 at 0.1112 is close to the lower edge of the recommended entry range, forming a resonant support. Under this structure, pullbacks are opportunities, but you must strictly hold your stop-loss level.

Check the real-time market 👇 $BASED
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