【$BAS Signal】Long | Short Squeeze Initiation, Breakthrough of Previous High Resistance

$BAS On the 4H timeframe, volume breakout through the previous high resistance zone at 0.0042, currently consolidating at high levels. This is a typical short squeeze initiation pattern, not a top.

🎯Direction: Long

🎯Entry: 0.00454 - 0.00460

🛑Stop Loss: 0.00435 (Rigid stop loss, invalid if it falls below previous high support logic)

🚀Target 1: 0.00500

🚀Target 2: 0.00540

Market Analysis: Price has strongly broken above the EMA20(0.0039) and EMA50(0.0036), establishing an uptrend. Key data reveals short squeeze logic: funding rate +0.0316% is positive but not extreme, open interest remains stable, indicating the rally is driven by genuine buying rather than short covering. RSI is at 82.03, indicating overbought conditions, but combined with a deep imbalance of 7.58% and significant bid thickness, this suggests sustained accumulation by major players, with dips quickly absorbed.

Hardcore Logic: Continuous bullish candles on the 4H chart with volume, dominated by buying. Order book shows massive buy orders stacked below 0.00455 (e.g., 18.7M at 0.004545), forming a strong support wall. Price has broken through the key Fibonacci 0.618 retracement level since the January decline (around 0.0045), with no significant resistance above. Next target directly at the previous high of 0.0054. ATR is 0.0002, stop loss set below the breakout level, with a risk-reward ratio >2.5, offering a clear mathematical advantage.

Trade here 👇 $BAS

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