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Quick Technical Analysis
Currently, BASED is having a very strong growth trend (+11,32%) in the frame of 4 hours (4 hours). The price has just broken through the old resistance area and is approaching the highest level in 24 hours of 0.15021.
1. Chase level (High risk)
• Price area: 0.14800 - 0.14910
• Features: Buy now at the current price.
• Note: Only for those who are afraid of missing opportunities (FOMO) and expect the price to break the 0.15000 mark to fly further. However, the adjustment risk in this region is quite large.
2. Adjustable purchase level (Safer)
These are the support areas where the price is likely to "test" again before continuing to increase:
• Support 1 (EMA5/MA10): About 0.13500 - 0.13700. This is the convergence area of short-term moving averages.
• Support 2 (Old background area): About 0.12600 - 0.13000. This is the accumulation area before a long green candle pushes the price up.
3. Suggested strategy
• Target: The short-term target is 0.16500 - 0.18000 if successfully breaking the 0.150 mark.
• Stop loss (Stop loss): Close the position if the price breaks through the 0.12000 area (purple MA60 line).
$BASED
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