$BAS USDT BULLISH BREAKOUT ANALYSIS š
Based on the provided chart, $BASUSDT has shown a strong bullish move, breaking above a key resistance level. The price is currently consolidating after a sharp spike, which suggests a potential continuation of the uptrend.
š Key Levels
* Current Price: $0.020117
* Resistance: The previous high around $0.022500 is the next major resistance level. A clear break and hold above this level would confirm further bullish momentum.
* Support: The most immediate support is at the previous resistance level, now acting as a new support, around $0.019500. This is a critical level to watch. A stronger support level can be found around $0.018200, which was the 24h low.
š Trade Setup: Long
* Entry: A long position can be considered on a pullback to the new support at $0.019500 or on a breakout and retest of the $0.022500 resistance.
* TP (Target 1): $0.022500 (Previous high)
* TP (Target 2): $0.023102 (24h high)
* TP (Target 3): $0.025000 (Psychological level/extension)
* SL (Stop Loss): Place your stop loss below the $0.019000 level to protect against a trend reversal.
ā ļø Risk Management
Always use a stop loss and consider a small position size relative to your total portfolio. The crypto market is highly volatile, and prices can change rapidly. Do not risk more than 1-2% of your trading capital on a single trade.
