🚨 $BAR /USDT – Trendline Break Incoming? Watch for Reversal Signals! 🚨
Current Price: $1.515 (–1.69%)
Market Structure:
• Strong downtrend within a parallel descending channel
• Multiple BOS (Break of Structure) levels recently hit – momentum slowing
• CHoCH spotted – potential for a reversal building
• Price currently testing bullish FVG zone near $1.50 support
Key Levels:
• Immediate Resistance: $1.54 – $1.55 (upper channel & FVG zone)
• Support Zone: $1.48 – $1.50 (FVG + psychological level)
• Upside Target (if breakout): $1.62 – $1.65
• Invalidation: Below $1.48
Setup Insight:
• Price has filled multiple bearish FVGs and tapped a fresh bullish FVG
• First signs of higher lows forming – watch closely for break of trendline
• Clean breaker structure above $1.54 could flip bias bullish short-term
Pro Tip:
Wait for a strong bullish engulfing candle outside the descending trendline with volume before entering. Early confirmation increases probability of catching the breakout.
$BAR might be done bleeding – a breakout above $1.55 could ignite a strong move back toward previous inefficiencies!
Be patient, trade the confirmation, and let the setup prove itself.
#RiskRewardRatio #BTCBelow80K #StopLossStrategies #BTCvsMarkets #DiversifyYourAssets