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$BAS loses momentum in the extreme overbought zone, and sellers appear to be gaining control.
Short $BAS now
Entry: 0.005700 – 0.005850
Stop Loss: 0.005950
First Target: 0.005150
Second Target: 0.004800
The upward momentum has failed to sustain, and buyers in the extreme overbought area seem to be struggling. The shrinking volume indicates a lack of sufficient buying support for the rally, and selling pressure is building up, which could open the door for a deeper correction, provided sellers remain proactive.
Short $BAS 👇 here