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$BAS Bearish Mode Activated🔻
As discussed earlier, 0.0075 resistance acted exactly as supply.
Sharp rejection from the top zone.
Now the bigger problem 👇
Price is also losing 0.0068 support — that was the structure line holding bulls alive.
Once both resistance rejects and support breaks,
momentum shifts fast.
Expected downside zones:
• 0.0062 first liquidity pocket
• If pressure continues → 0.0055 major support
The higher-high structure is invalidated for now.
Breakout failed. Sellers in control.
Unless price quickly reclaims 0.0068,
bounces are likely to be sold into.
This is no longer breakout mode.
This is distribution → continuation risk.
Stay sharp. Protect capital.
Price is currently pressing into the 0.0075 resistance zone — a level that has rejected price multiple times in the past. You can clearly see previous sharp wicks from this area, which confirms strong supply here.
The positive side:
• Last 3 days show consistent higher highs.
• Strong recovery from 0.0048 bottom
• Momentum gradually building
• Price holding above 0.0068 short-term structure
That tells us bullish pressure is active.
Now the key question is simple — can it break 0.0075 with strength?
If we get a clean 4H close above 0.0075 and price sustains above it, then the path toward 0.0080 opens up naturally. That would confirm a structural shift and continuation.
If rejection happens here, pullback toward 0.0068 support becomes likely. That zone is important. As long as price holds there, bulls still have a chance for another breakout attempt.
However, if 0.0068 fails decisively, the bullish structure weakens and broader bearish trend can resume.
Right now this is pure breakout-or-reject moment. The next few candles will define direction.