$BAR /USDT: Daily increase retracement - Await stability above $1.60

The price of BAR jumped sharply to $1.664 before retracting to the $1.608 area. The 15-minute chart shows strong impulsive movement followed by a quick retracement, with the price now stabilizing above $1.60. Bullish traders remain active, but there is a short-term consolidation.

Trading Setup (Long):

Entry Price: $1.60 - $1.62

Take Profit Price (TP): $1.65 / $1.68

Stop Loss Price (SL): $1.58

Market Outlook:

The price needs to hold above $1.60 to resume bullish momentum. A break above $1.63 and closing above it could reactivate the bullish trend. Watch for increases in trading volumes.

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BAR

1.631

+3.55%