$BAR /USDT BEARISH BREAKDOWN – FAN TOKEN SELL PRESSURE BUILDING!
$BAR has dropped nearly 8% in the last 24h, falling from $1.46 to a current price of $1.33. The price action broke below short-term support at $1.35, and the next key support sits near $1.31–$1.30. Momentum indicators (MACD and Volume) confirm a strong downtrend continuation.
🔻 Trade Setup:
Entry Price: $1.335 – $1.345
Take Profit (TP): $1.295
Stop Loss (SL): $1.375
📉 Why Short?
The breakdown from the $1.35 support area is backed by increasing volume and weak bounce attempts. The 4H MA and EMA both point downward, and SAR has flipped bearish. A retest of $1.30 is likely if selling volume sustains.
⚠️ Risk Management:
Use a tight stop as fan tokens can swing fast. Avoid oversized positions due to volatility.
Sell and trade with caution on follow the trend, not the hype!
#CEXvsDEX101 #TradingTypes101 #FTXRefunds #TrumpMediaBitcoinTreasury
