【$BASED Signal】Rapid decline followed by a rebound, look for a bounce

$BASED 1H level rally then pullback, price quickly dropped from 0.3273 to 0.1625, with a gap in buying orders, but the current price is close to the support zone formed by the 1H Bollinger Band lower band at 0.0473 and EMA50_1H at 0.1206. The MACD_1H histogram is positive but shrinking, indicating diminishing bullish momentum. Market depth is unbalanced at -0.66%, with selling pressure slightly dominant, but the funding rate remains positive at 0.0050%, so a short squeeze has not formed. Open interest remains stable with no signs of large-scale withdrawal.

The price repeatedly tests the range between 0.1617 and 0.1633, with buying intent beginning to surface below. Entering long positions directly at this level, around 0.1625, with a stop below 0.1604. The first target is 0.1691; upon reaching it, halve the position and hold the rest to protect capital. The second target is 0.1721, which is a previous small platform bottom, where selling pressure will increase.

This initial stabilization after a sharp decline offers a risk-reward ratio over 2, making it worth a try. The key is whether the price can quickly move away from the cost zone; if it falls below 0.1604 again, it indicates the support is false, and one must admit defeat and exit. Hot Coin’s life depends on speed, not faith.

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