【$BAS Signal】Long | Healthy Pullback After Short Squeeze Initiation

$BAS After a single-day surge of 18%, it is currently consolidating above a key breakout level. This is a typical healthy reset after a short squeeze, not a sign of top.

🎯Direction: Long

🎯Entry: 0.00545 - 0.00555

🛑Stop Loss: 0.00525 (Rigid stop loss, invalidates if it falls below the previous 4H bullish candle low)

🚀Target 1: 0.00605

🚀Target 2: 0.00650

Market Analysis: The price has strongly broken through and stabilized above EMA20(0.0047) and EMA50(0.0042), confirming a trend reversal. Four-hour bullish candles are continuously expanding in volume. Although the last candle closed with an upper shadow, the buying depth is unbalanced(-21.32%), with obvious accumulation of buy orders below, indicating institutional support at key levels.

Core Logic: This rally is accompanied by stable open interest(OI), and the funding rate is only 0.0416%, far below the danger threshold(>0.05%), ruling out the possibility of major players pushing prices up to dump. RSI(76.46), though in overbought territory, is normal in a short squeeze scenario. Combined with negative depth imbalance, it indicates that bears are still passively covering, and selling pressure has not truly materialized.

Key Levels: The previous high of 0.00505 has now turned into strong support. The current pullback is a confirmation of the breakout. Stop loss is set at 0.00525, below the body of the last volume-increasing bullish candle, with a clear logic. Target 1 looks at the previous high resistance zone, and Target 2 is the Fibonacci extension level. Risk-reward ratio >2.5, risk is manageable.

Trade here 👇 $BAS

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