【$BAS Signal】Short squeeze chasing longs / Pullback to add longs, RSI overbought but funds strongly resist

$BAS 1H timeframe hugging the upper Bollinger Band and soaring wildly, 4H MACD histogram continues to expand, bullish momentum shows no signs of weakening. RSI both surge above 80, overbought signals are glaring, but market depth shows very thin sell orders, buy support is firm, indicating a typical short squeeze structure. Open interest remains stable, rate at 0.0548% is not extreme, bulls still have fuel.

Current price at 0.0117 has far exceeded the upper boundary of the suggested entry zone, chasing high directly increases risk sharply. A better strategy is to wait for a quick pullback.

🎯Direction: Pullback to go long (place orders)

⚡Entry/Order placement: Lurk near the lower boundary of 0.009319 - 0.011662 range, specifically around 0.0095.

🛑Stop loss: 0.008159

🚀Target 1: 0.011711

🚀Target 2: 0.011758

🛡️Trade management: - Execute strategy: If the price triggers the order and reaches Target 1, halve the position, and move the remaining stop loss up to the entry price. If the price does not pull back and directly surges, abandon this trade, never chase high.

4H timeframe has broken above the upper Bollinger Band, usually indicating short-term acceleration. The 1H EMA20 at 0.0108 forms a dynamic support, forming the first line of defense with the upper boundary of the suggested entry zone at 0.0116. The depth imbalance of -45.74% indicates very light selling pressure above, a small amount of buy orders can push the price up. Under this structure, shorting directly is like swimming against the current, with a poor risk-reward ratio. Patience for a profit-taking correction is a more controllable risk approach. When market sentiment is overheated, the calmer side often gets better entry points.

Check real-time market 👇 $BAS
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