BASED/USDT: Bearish Volatility

​$BASED is currently in a "pump and dump" cycle. After a massive wick up to $0.169, it has crashed back down to $0.103, losing over 15% in a single session.

​Analysis: The vertical move was unsustainable. We are seeing a massive "rejection wick" at the top, and volume is now favoring the bears. Without a base of support, it's a falling knife.

​Signal: SHORT (Or Stay Away)

​Target: $0.094

​Stop Loss: $0.125

​Bottom Line: I'm moving my capital into the structural strength.