【$BAS Signal】1H level overbought, directly target the pullback

$BAS After a surge at the 1H level, RSI soared to 78, and on the 4H level it even reached 83.5, indicating buying pressure is severely overextended. The upper band of the 4H Bollinger Bands near 0.0120 is beginning to accumulate selling pressure, and the 1H MACD histogram is contracting, showing bullish momentum is waning. Market depth imbalance at -47%, with sell orders clearly dominant, indicating this is not a healthy upward structure.

Price around 0.0117 can be directly shorted, with the stop-loss placed slightly above 0.0120, and 0.008259 as the final line of defense. The first target is 0.012040; upon reaching it, start taking half profits. The second target is 0.013300.

This kind of surge in overbought conditions is often accompanied by a large amount of profit-taking. The trading volume at the 1H level did not increase in sync with the new high in price, showing a divergence between volume and price. The funding rate of 0.0485% is not extreme but adds to the holding costs for bulls. Once the price turns, closing positions will accelerate the decline. The risk-reward ratio is worth trying here, but be sure to set a proper stop-loss.

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