$BARD This coin can be shorted!!
Around 1.2U can be entered casually! This ❤️ market maker is a typical gatekeeper, the range of 0.77-1.2 has been traded for over a week, collecting fees with ups and downs. Every time it looks like it's about to break 1.2, it's a false breakout, and the next day it drops back to 0.85.
Here it comes again, leveraging the slight positive news from the Lombard chain acquisition, retail investors see the news and FOMO chase the high, thinking it's the second wave of the main upward trend. Look at the data clearly: 24h trading volume is 750 million dollars, and the price has only risen by 14%, this is called volume stagnation. The market maker is offloading at a high position, passing the goods to those who see a breakout.
RSI 1h reached 72, overbought region with a top divergence. The funding rate is only 0.0039%, the sentiment hasn't heated up at all, indicating that the old investors aren't participating anymore, only newcomers are buying in.
Key positions:
· Resistance at 1.19 (yesterday's high point)
· Support at 0.89 (midpoint of the range)
· Ultimate target at 0.77 (bottom of the range)
Directly short it and wait for the crash! Set a stop loss at 1.25, if it breaks, just accept the loss; if it doesn't break, hold it to 0.77.
#BARD #shorting
#babygrok $BARD