【$BAS Signal】The risk of chasing the rise is extremely high; wait for a pullback to go long.

$BAS The 1H RSI has soared to 77, and the 4H RSI is even as high as 82, indicating that buying power is severely overextended.
The price is tightly hugging the upper band of the 1-hour Bollinger Bands, and the 4-hour MACD histogram is still expanding, but signs of weakening bullish momentum are beginning to appear.
Market depth imbalance is at 13.37%, with buy orders stacking up, but selling pressure above could be released at any time.

Currently, the risk of chasing the high is very high, and the risk-reward ratio is not favorable.
A more prudent strategy is to wait for the price to pull back and set up long positions in key areas below.

⚡Order: Buy near 0.009218 on the pullback.

🛑Stop loss: 0.008159.

🚀Target 1: 0.011337.

🚀Target 2: 0.012397.

🛡️Trade management: - Execute strategy: After reaching Target 1, reduce half of the position, and move the stop loss of the remaining position up to the entry price.
If the price fails to rebound and hits the stop loss directly, exit decisively.

Funding rate is as high as 0.05%, indicating market sentiment is overheated, and this euphoria is unlikely to last.
The 1-hour trading volume did not expand in sync with the new high in price, showing a divergence between volume and price.
Combined with the extremely wide opening of the 4-hour Bollinger Bands, there is a short-term tendency to revert to the midline at 0.0106.
Waiting for a healthy pullback to shake out weak hands is a better entry opportunity.

Check real-time market 👇 $BAS
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