$BAR /USDT - bearish Signal
$BAR /USDT has been experiencing a period of consolidation after a recent downward trend. The current price is around $2.234, and the Relative Strength Index (RSI) is at 41.540, indicating potential for a bullish reversal.
Entry:
Consider a long entry at $2.190, which is a key support level.
Targets:
* Target 1: $2.276 (Potential 4% profit)
* Target 2: $2.376 (Potential 8% profit)
* Target 3: $2.476 (Potential 11% profit)
Stop Loss:
Place a stop loss at $2.176, below the recent low.
Caution:
* The market is currently in a consolidation phase. Watch for a clear breakout above the resistance level of $2.276 to confirm the bullish trend.
* If the price breaks below the support level of $2.190, the bearish trend may resume.
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