【$BARD Signal】Short squeeze continues, pullback to re-enter long positions for a second surge

$BARD The 1H timeframe is consolidating strongly near historical highs, with prices staying above short-term moving averages. The 4H shows a healthy pullback after a massive breakout, with open interest remaining stable in a negative funding rate environment, indicating that bears are still under pressure and there is potential for a continued short squeeze. Currently, the price has moved far away from the optimal entry zone; strictly avoid chasing highs and patiently wait for a pullback opportunity.

🎯 Direction: Long (wait for pullback to place orders)

⚡ Entry/Order: 1.276 - 1.305

🛑 Stop Loss: 1.195

🚀 Target 1: 1.450

🚀 Target 2: 1.580

🛡️ Trading Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and immediately move the stop loss to the entry price. The remaining position will be managed with a trailing stop to aim for higher targets. If the price retraces and hits the trailing stop, exit all positions.

Deep Logic: The 4-hour chart shows the price strongly rebounded from 0.827 to 1.558, with aggressive buying pressure. Although the 1-hour RSI is high, the price refuses a deep correction, and open interest remains stable after the rally. Coupled with a significant negative funding rate, this indicates that short covering is still in demand. Order book data shows substantial buy-side depth, providing short-term support for the price. The core strategy now is to target a healthy 1-hour level pullback towards EMA20, aiming to trigger a second trend initiation.

Check real-time market 👇 $BARD

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