$BARD ran from roughly 0.08 to 0.18 USDT over Nov. 12–13. After a move like that, I’d watch the next pullback. That’s where I’d look for buyers to show up again.
Short liquidations may have added fuel to the Lombard rally. When leveraged shorts get forced out, the orders that close them can push price higher. What started the move is still unclear.
At 03:15 UTC on Nov. 14, Binance BARD/USDT perpetual open interest was $9.1M, down 1.3% over 24 hours. Funding at that same snapshot was −0.94% per funding period, meaning shorts were paying longs.
On the 15-minute BARD/USDT spot chart, I’d watch the 9 and 21 EMAs. If price pulls back toward the 21 on lighter volume, then gets back above the 9 as spot volume picks up, I’d keep watching. If it closes below the 21 on heavier volume and struggles to reclaim it, I’d sit this one out.
After a move like this, what do you look for on the first bounce?
#Lombard #OpenInterest #SpotVolume
Short liquidations may have added fuel to the Lombard rally. When leveraged shorts get forced out, the orders that close them can push price higher. What started the move is still unclear.
At 03:15 UTC on Nov. 14, Binance BARD/USDT perpetual open interest was $9.1M, down 1.3% over 24 hours. Funding at that same snapshot was −0.94% per funding period, meaning shorts were paying longs.
On the 15-minute BARD/USDT spot chart, I’d watch the 9 and 21 EMAs. If price pulls back toward the 21 on lighter volume, then gets back above the 9 as spot volume picks up, I’d keep watching. If it closes below the 21 on heavier volume and struggles to reclaim it, I’d sit this one out.
After a move like this, what do you look for on the first bounce?
#Lombard #OpenInterest #SpotVolume
