$BARD just gave buyers a reason to celebrate… but I think that celebration might end badly. 🛑
I'm going to open a BIG SHORT on $BARD here.
TP: $0.1080
SL: $0.1385
Here's what caught my attention.
$BARD made a massive move from around $0.096 to $0.137, but instead of continuing higher, buyers started losing control near the top.
And now we're seeing a strong red candle pushing price back toward $0.126.
To me, this looks like a possible bull trap. Traders who rushed to buy near the highs could be in trouble if the selling continues.
According to my analysis, $0.120 is the next important level. If that breaks, I expect selling pressure to increase, potentially pushing BARD toward $0.108, where the earlier breakout began.
I wouldn't be surprised to see another sharp red candle if buyers fail to recover $0.1315.
The pump was impressive, but I'm more interested in what happens when those late buyers start looking for an exit.
Let's see if BARD gives us another beautiful Short.
I'm going to open a BIG SHORT on $BARD here.
TP: $0.1080
SL: $0.1385
Here's what caught my attention.
$BARD made a massive move from around $0.096 to $0.137, but instead of continuing higher, buyers started losing control near the top.
And now we're seeing a strong red candle pushing price back toward $0.126.
To me, this looks like a possible bull trap. Traders who rushed to buy near the highs could be in trouble if the selling continues.
According to my analysis, $0.120 is the next important level. If that breaks, I expect selling pressure to increase, potentially pushing BARD toward $0.108, where the earlier breakout began.
I wouldn't be surprised to see another sharp red candle if buyers fail to recover $0.1315.
The pump was impressive, but I'm more interested in what happens when those late buyers start looking for an exit.
Let's see if BARD gives us another beautiful Short.
