Basis Share priceBAS

$BAS USDT long Setup 📍 Entry: 0.007926 🎯 TP1: 0.008500 🎯 TP2: 0.009200 🎯 TP3: 0.010200 🛑 SL: 0.007200 Price above all MAs (7,25,99) with +18.9% gain. Massive volume 1.11B. Strong uptrend. Break above 0.007926 targets 0.0085+. SL below MA7.

$BAS is showing a very similar structure to what you described — a retest into resistance with weakening momentum. What the chart is suggesting: Price pushed up into resistance zone (0.0082–0.0087) But follow-through is fading Each push is getting smaller → classic exhaustion behavior Market is struggling to build a clean breakout Key interpretation: This is not yet a confirmed short — it’s a decision zone. 🔴 Bearish confirmation (what you want for the short): Clear rejection wick at resistance Lower high forming after the retest Breakdown below local support with volume 🟢 Bullish invalidation: Strong close above 0.0090–0.0094 (your SL zone) Expansion in volume on breakout (not just a spike wick) Simple takeaway: Right now, $BAS is “stalling at resistance”, not “breaking down yet.” So the edge is not in predicting the drop — it’s in waiting for rejection confirmation before committing.

After a prolonged downtrend, $BAS is beginning to show a structural shift. The move isn’t impulsive — it’s developing from a base. Price stabilized around the 0.0047–0.0055 zone, where selling pressure started fading. This range acted as an accumulation area, with reduced volatility and tighter candles, suggesting absorption rather than panic selling. The recent move higher follows a clean reclaim of key dynamic levels. Price is now trading above MA25 (0.0070) and MA99 (0.0064), and is testing the MA200 (0.0079) — a critical level that often decides whether a recovery can evolve into a broader trend reversal. Momentum supports this transition. RSI is elevated around 70–75, indicating strong buying pressure, while MACD shows a bullish crossover with expanding histogram — confirming that momentum is building, not fading. That said, the structure still has a gap. The rally from the lows to the current level has been relatively sharp, leaving limited support zones in between. This means the move is strong, but not deeply supported yet. From here, two scenarios are clear: • Holding above 0.0072–0.0074 keeps the breakout intact and opens continuation beyond the MA200 zone. • Rejection near 0.0079 (MA200) followed by a drop below 0.0070 could lead to a pullback toward the previous base. At this stage, $BAS is transitioning out of weakness, but confirmation of a sustained uptrend depends on how price reacts around the MA200 level.

$BAS - Mcap 14.64M$ - 80%/ 4.9K votes Bullish SC02 M1 - pending Long order. Entry lies within HVN + is not affected by any weak zone, the current support zone is approximately 1.12% wide. The uptrend has been ongoing for 2 hours 45 minutes, with the maximum recorded price increase of 9.55%. If price loses this support zone, the trend will most likely reverse to the downside. #TradingSetup #CryptoInsights