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Hxlaw
Hxlaw
$BASED BASED is showing a strong recovery signal on the 4h frame. After a long sideway and bearish period, the big green candle has just broken out above the short-term MA lines (MA5: 0.07225, MA10: 0.07181). The price has passed the local resistance area around 0.074-0.075 and is heading to the 0.0784 area (24-hour peak). Positive points: • A sharp increase in volume accompanied by a green candle shows that the cash flow is returning. • RSI and momentum are improving significantly. • There is still a considerable distance compared to MA60 and MA120, indicating that the potential will continue to increase if the momentum is maintained. Recommendation: Can open a buy position around the area of 0.076 - 0.078. Partial profit at 0.082 - 0.085 and 0.09. Stop loss is tight below 0.072 for risk management. This is a pretty good short-term signal in the context that DeFi is hot again, but the crypto market is still very volatile, so only using small capital and strict risk management.

Miễn trừ trách nhiệm: Nội dung OKX Orbit chỉ để tham khảo. Tìm hiểu thêm

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