$BARD just pumped from 0.096 to 0.137 — and I'm opening a big short right into it.
SHORT SETUP
Entry: 0.1260
TP: 0.1080
SL: 0.1385
Buyers had every reason to celebrate after that massive move, but the celebration looks like it could end badly. Instead of pushing higher, buyers started losing control near the top, and a strong red candle is now dragging price back toward 0.126.
To me, this smells like a bull trap. Traders who rushed in near the highs could be in real trouble if the selling keeps going.
The level that matters next is 0.120. If it breaks, I expect selling pressure to build fast and push BARD toward 0.108, right where the earlier breakout began. And if buyers can't reclaim 0.1315, I wouldn't be surprised to see another sharp red candle.
The pump was impressive — but I'm more interested in what happens when the late buyers start looking for the exit.
Last price 0.1260, down 3.82%.
SHORT SETUP
Entry: 0.1260
TP: 0.1080
SL: 0.1385
Buyers had every reason to celebrate after that massive move, but the celebration looks like it could end badly. Instead of pushing higher, buyers started losing control near the top, and a strong red candle is now dragging price back toward 0.126.
To me, this smells like a bull trap. Traders who rushed in near the highs could be in real trouble if the selling keeps going.
The level that matters next is 0.120. If it breaks, I expect selling pressure to build fast and push BARD toward 0.108, right where the earlier breakout began. And if buyers can't reclaim 0.1315, I wouldn't be surprised to see another sharp red candle.
The pump was impressive — but I'm more interested in what happens when the late buyers start looking for the exit.
Last price 0.1260, down 3.82%.
