【$BAS Signal】Long! 1H breakout from consolidation, clear intention of funds to support the market

$BAS The 1H timeframe is strongly consolidating in the 0.0060-0.0061 range, with the price holding above the 1H EMA20 (0.0059), rejecting deep retracements. The 4H timeframe has formed three consecutive bullish candles, breaking through the previous oscillation platform, indicating a trend reversal to upward. The current price is close to the upper edge of the consolidation, about to choose a direction.

🎯Direction: Long (Long)

🎯Entry/Order: Enter immediately near the current price of 0.00607, or wait for a breakout above 0.00615 to chase the long (Reason: Stabilizing above the 1H consolidation zone upper boundary, confirming momentum with a breakout chase)

🛑Stop Loss: 0.00588 (Reason: Break below the 1H EMA20 and the previous hourly candle low)

🚀Target 1: 0.00645 (Reason: Previous high resistance level, also the high point of the previous 4H wave)

🚀Target 2: 0.00680 (Reason: Based on the recent wave height's 1.618 Fibonacci extension level)

🛡️Trade Management:

- Position size suggestion: Light position (Reason: Hot Coin experiences high volatility, strict risk control is necessary)

- Execution strategy: After reaching 0.00645 (Target 1), reduce position by 50%, and move the stop loss of the remaining position to the entry price of 0.00607 (break-even). If the price strongly breaks through 0.00645, hold the remaining position towards Target 2.

Deep logic: Order book data shows buy depth significantly exceeds sell depth (depth imbalance -15.16%), with large buy orders placed below to support the market. Open interest (OI) remains stable, and no fund outflow occurs after a big price increase, indicating strong bullish confidence. The 1H RSI (60.24) is in a healthy, slightly strong zone, leaving room for further upside. Combining market logic, “price rising, consider whether the main force is entering or shorts are stepping on the gas,” the current stable OI suggests it is more likely the main force entering to push the market.

View real-time quotes 👇 $BAS

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