$BAR
1. Entry Points:
Current Price: $2.063
BAR/USDT experienced a sharp drop from $2.55 to $1.922, followed by some stabilization.
Aggressive Entry: $2.03 – $2.08
Buy within this consolidation range if volume starts increasing and a green bullish candle forms above the MA(7).
Conservative Entry: Wait for a clean breakout above $2.17–$2.22 (MA(25) resistance zone) with volume confirmation.
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2. Stop-Loss Placement:
Tight Stop-Loss: Below $1.95
Below the recent candles and minor support.
Wider Stop-Loss (safer): Below $1.91
Under the swing low of $1.922 to avoid being wicked out.
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3. Take-Profit Targets:
Target 1: $2.22 (MA(25) resistance + psychological level)
Target 2: $2.36 – $2.40 (approaching MA(99) and minor supply zone)
Target 3: $2.50+ (if full recovery rally resumes with high volume)
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Technical Insights:
Volume Spike: There was heavy selling volume on the drop. Follow-up volume is low, suggesting temporary bottoming.
Oversold Recovery: The price is recovering slowly with small-bodied candles; a breakout above MA(25) would show strength.
Bearish Context: Downtrend is still in play unless it breaks and sustains above $2.25.