$BARD 1.617 has just been trending on #News, with a 24h surge of +53% that everyone is chasing. I instead want to ask: is this really a 'trend starting', or is it an emotional peak? My current choice: mainly observing; if it retraces and doesn't break 1.55, then consider going long; if it breaks below 1.48, just give up.
On the surface, the volume is 587.71M, with a 24h volume increase of +48.4%, which is strong, but the details are a bit glaring: 4H RSI at 82.8 is already overheated, the more aggressive the surge, the more likely it is to be crushed by 'news realization'; 1H MACD bar is -0.004, momentum is weakening, more like gasping after a strong pull rather than a new acceleration. For a healthy bull run, at least there needs to be a pullback for turnover, rather than a continuous short squeeze.
Action plan (three stages): Entry = stabilize at 1.55~1.60 before buying; Stop loss = below 1.48; Targets = T1 1.75 / T2 1.95. Risk boundary: I have been continuously losing recently, more afraid of the trap of 'chasing the rise to make up for losses', better to miss out than to stubbornly hold on.
Do you think this wave is 'news-driven to continue rising' or 'overheated retracement before rising again'? Choose A or B.
#BARDUSDT #MACD divergence #RSI overbought #retracement strategy #news driven #stop loss position #风险提示
*The above is just my personal opinion and not investment advice $BARD
