Based The Bull Trap
Unlike EDGE, $BASED is showing a "failed breakout" signature. We saw a spike to $0.16 that was immediately met with aggressive selling, pushing us down -8.33% today.
Technical View: The long upper wick (shooting star) combined with declining volume on the retracement suggests the bulls are exhausted. The $0.09 support is the only thing keeping this from a total flush.
Signal: SHORT
Entry: $0.11 – $0.12 (on any relief bounce)
Target: $0.075
Stop Loss: $0.145