Here is your professional technical analysis post for BAR/USDT based on the provided chart:
🔻 $BAR USDT BEARISH REVERSAL – SELLERS TAKING OVER AFTER STRONG REJECTION 🔻
BAR faced a sharp rejection from the $1.136 high and is now trading below MA(7) and MA(25) on the 15m timeframe. The price is approaching MA(99) support at $1.033, indicating increasing bearish momentum with potential continuation if support breaks.
🔥 Trade Setup (Short)
Entry Zone: $1.038 – $1.045
Take Profit 1: $1.030
Take Profit 2: $1.020
Take Profit 3: $1.008
Stop Loss: $1.058
📊 Market Outlook
Momentum: Bearish as price prints lower highs with aggressive sell candles
Trend: Downtrend forming with resistance at MA(25) ($1.058) and MA(7) ($1.058) capping upside moves
Key Levels:bar$
Resistance: $1.058, $1.136 (24h high)
Support: $1.033 (MA99), $1.008 (recent low)
#BAR #BARUSDT #CryptoTrading #BearishSetup #BreakingCryptoNews down
buy and trade here on $BAR
💭 Comment 🔻 if you’re catching this bearish move today!