$BASED Signal】1H resistance encountered, attempting a short-term rebound correction


$BASED 1H level surges then pulls back, Bollinger upper band around 0.0877 shows selling pressure, current price at 0.08754 closely hugging the upper band. The 1H MACD histogram is contracting, indicating weakening buying momentum. Market depth is imbalanced at 35.44%, with obvious sell-side accumulation.

Price around 0.08710 can directly attempt a short, with a stop below 0.06796. First target at 0.08748, second target at 0.08783.

At the 4H level, volume expands with long upper shadows, bulls face strong resistance near 0.095. The 1H RSI has fallen from high levels to 64.98, showing insufficient enthusiasm for chasing higher prices. Open interest remains stable but funding rate has turned positive to 0.0018%, indicating short-term overheating risk among bulls. This position offers a decent risk-reward ratio, but caution is needed regarding the volatility of hot coins.

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