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BASED correcting after unsustainable rally.
$BASED Short
Trade Plan
Entry $0.05680 – $0.05800
Stop Loss $0.06250
Take Profit 1 $0.05100
Take Profit 2 $0.04680
Take Profit 3 $0.04250
- RSI reached extreme overbought levels before this -14% reversal — textbook correction
- Rejection from $0.060 round number resistance confirms level as strong supply zone
- Prior support at $0.058 now acting as resistance — lower high structure forming
Buy and Trade $BASED #GateSquareAprilPostingChallenge