$BAS — Bearish Pressure Still Dominates, Sellers Eye Lower Support
Short $BAS
• Entry: 0.00720 – 0.00740
• Stop Loss: 0.00782
Targets:
• TP1: 0.00695
• TP2: 0.00670
• TP3: 0.00635
BAS is still showing weak structure on the 1H timeframe. After failing to build a strong recovery, price continues to print lower highs, confirming that sellers remain in control. The latest move suggests the market is still respecting the downside trend, with support now under pressure near the 0.0070 psychological zone.
This is a high-risk, high-reward continuation setup as long as BAS remains below the key resistance area around 0.00780. If price loses the current support cleanly, the next move could accelerate toward lower liquidity zones. A strong bounce, however, would invalidate the bearish thesis and shift focus back to recovery.
The bearish bias remains valid unless price reclaims 0.00780 with strong volume. Manage risk strictly and watch for rejection at resistance before entering.
Trade $BAS here 👇🏻
