$BAS declined to 000624 triggering long liquidations This move may have washed out weak holders Price is now stabilizing forming a potential base for reaccumulation ahead of a new upward move
Key Levels Support zone 000610 000590 Breakout trigger 000640 Major resistance 000700
Long Trade Plan Entry range 000600 000620 TP1 000660 TP2 000680 TP3 000700 Stop loss 000580
Market Sentiment The long liquidation could indicate a local capitulation event Buyer strength will be confirmed by a reclaim of the 000640 level Monitor for rising volume on tests of higher levels to confirm accumulation
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$BAS declined to 000624 triggering long liquidations This move may have washed out weak holders Price is now stabilizing forming a potential base for reaccumulation ahead of a new upward move
Key Levels
Support zone 000610 000590
Breakout trigger 000640
Major resistance 000700
Long Trade Plan
Entry range 000600 000620
TP1 000660
TP2 000680
TP3 000700
Stop loss 000580
Market Sentiment
The long liquidation could indicate a local capitulation event Buyer strength will be confirmed by a reclaim of the 000640 level Monitor for rising volume on tests of higher levels to confirm accumulation
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