$BARD showing parabolic move after strong breakout and now extremely overextended
Short $BARD
Entry: 1.04 – 1.08 SL: 1.30
TP1: 0.98 TP2: 0.93 TP3: 0.88 TP4: 0.82
Why: Price just made a vertical move with multiple strong candles and RSI near extreme levels, which often leads to a cooling pullback. After such aggressive expansion, markets usually retrace to retest short-term support or moving averages. If momentum slows near the 1.07 resistance area, a correction toward the 0.93–0.88 zone becomes likely.
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$BARD showing parabolic move after strong breakout and now extremely overextended
Short $BARD
Entry: 1.04 – 1.08
SL: 1.30
TP1: 0.98
TP2: 0.93
TP3: 0.88
TP4: 0.82
Why:
Price just made a vertical move with multiple strong candles and RSI near extreme levels, which often leads to a cooling pullback. After such aggressive expansion, markets usually retrace to retest short-term support or moving averages. If momentum slows near the 1.07 resistance area, a correction toward the 0.93–0.88 zone becomes likely.
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{future}(BARDUSDT)