【$BARD Signal】Short squeeze continues + 1H strong consolidation

$BARD The 1H timeframe is consolidating strongly near historical highs, with the price tightly hugging the short-term moving average, refusing to undergo a deep correction. The 4H timeframe shows the first high-level consolidation after an explosive rally, with open interest remaining stable. Coupled with a negative funding rate of -0.3387%, the typical short squeeze structure is still ongoing. Market depth shows buy orders far exceeding sell orders, indicating a clear intention by the main force to defend the price.

🎯Direction: Long

⚡Entry/Order: 1.4600 - 1.4750 (waiting for 1H retracement confirmation)

🛑Stop Loss: 1.4300

🚀Target 1: 1.5300

🚀Target 2: 1.5800

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and immediately move the remaining stop loss up to the entry price. Hold the remaining position towards Target 2. If the price strongly breaks through 1.58, consider partially holding the position and trailing the stop loss.

Depth Logic: Currently, the 1-hour RSI is in a strong zone but not extremely overbought, leaving room for further upside. The key point is the divergence between the negative funding rate and the resilient price, indicating that bears are still forced to pay high fees. Once the price re-initiates upward momentum, a new round of short squeeze can easily be triggered. The 4-hour volume is healthy, and the buy-side depth advantage is significant, providing solid support for the price. The current price deviates from the optimal entry zone; patience is advised to wait for a retracement to the EMA support on the 1H chart rather than chasing the high.

View real-time market 👇 $BARD

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