$BAS 1H level has just broken through previous highs with increased volume, with the price reaching a new intraday high of 0.006428. The RSI(1H) is as high as 74.54, indicating strong momentum. The 4H chart has closed bullish for consecutive periods, with the price stabilizing above all EMA lines, clearly indicating an upward trend. Currently, the order book depth is significantly thick (depth imbalance 42.54%), and open interest remains stable. The price rise accompanied by active buying suggests a typical short squeeze signal.



🎯Direction: Long (Long)
⚡Entry/Order: 0.00628 - 0.00633
🛑Stop Loss: 0.00605
🚀Target 1: 0.00668
🚀Target 2: 0.00705
🛡️Trade Management:
- Execution Strategy: After reaching Target 1, reduce position by 50% and move the stop loss up to the entry price of 0.00633. The remaining position will trail for profit. If the 1H closing price falls below EMA20(1H), exit all positions.
Depth Logic: Over the past 4 hours, trading volume surged, with the last 4H candlestick volume 1.5 times that of the previous one, indicating strong participation by major funds. Although RSI(1H) is relatively high, it is tolerable in a short squeeze scenario. Open interest remains stable, and the price increase is driven by active buying from longs rather than mere short covering. The 1H EMA20 and EMA50 are already in a bullish alignment, with support levels at 0.00615 (former high turned support) and 0.0059 (4H EMA20).

View real-time market 👇#Gate广场发帖领五万美金红包 $BAS
BAS14,72%
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