extension move meeting supply

Short $BAS

Entry: 0.00580 – 0.00595

SL: 0.00630

TP1: 0.00535

TP2: 0.00495

TP3: 0.00455

Price has pushed sharply into a short-term extension zone after a fast vertical move, where momentum is starting to look stretched. The spike into highs followed by hesitation candles suggests buyers are losing follow-through strength.

With price extended above short-term EMAs and volume peaking, downside reactions are likely as early longs take profit. If sellers remain active near this zone, a corrective pullback toward the prior support levels is favored.

Trade here 👇$BAS

BASUSDT

Perp

0.005244

-3.88%