【$BAS Signal】Pullback to buy! 1H retracing EMA20 support, 4H uptrend remains intact

$BAS The 1H timeframe is currently retracing the EMA20 moving average (0.0055) at a key support level, which is a healthy correction after a strong rally. The 4H candlestick has already stabilized above the EMA50, and the overall trend remains upward. The current price is fluctuating around 0.00559, with deep buy orders (0.00557-0.00558) clearly solid, providing a cushion for the pullback. Open interest remains stable, indicating that funds are not leaving en masse, which is a sign of a shakeout by the main players rather than distribution.

🎯Direction: Long (Long)

🎯Entry/Order: 0.00555 - 0.00558 (Reason: 1H EMA20 support zone & dense buy orders zone )

🛑Stop loss: 0.00538 (Reason: Break below the 4H bullish candle start point at 0.00542 and EMA50 double support )

🚀Target 1: 0.00595 (Reason: Previous high resistance level )

🚀Target 2: 0.00615 (Reason: 1.618 Fibonacci extension level )

🛡️Trade management:

- Position suggestion: Light position (Reason: Currently in high-level consolidation, volatility remains high )

- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price. If the price cannot hold above 0.00558 and quickly breaks below 0.00553, abandon this setup and wait for stronger signals.

Depth logic: Market depth shows sell orders piled above 0.0056, but buy orders are more concentrated below 0.00557, forming a support wall. The 1H RSI (55.96) is in a healthy zone, with momentum for another push higher. The 4H candles have closed positively for several consecutive periods, with good volume-price coordination, making the pullback an opportunity. Market logic indicates a price rise, combined with stable open interest, leaning towards main force support or new funds entering.

View real-time market 👇 $BAS

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