Great, I've gathered a quick technical analysis based on the currently available data for the BARD (Lombard) coin + suggestions for entry/exit points with warnings.
The current situation according to the data
The current price is approximately $1.07-1.08 according to CoinGecko and Cryptorank.
The price range in the last 24 hours was approximately between $1.03-$1.28.
The volume is very high, indicating active trading and mutual purchases/sales.
There is support and reports indicating that the price may have broken an important support at ~ $1.30-$1.40 and pulled back down.
From the upcoming signals: It is expected that a quantity of the currency will unlock soon, which may increase the supply and pressure the price if there is not enough demand.
Potential technical levels โ Support and Resistance
Here are the support and resistance levels that I see as important now based on recent price movements:
Type Approximate Level Notes
Short-term Resistance ~$1.30-$1.40 This was a very important area, recently broken, and may become resistance if the price tries to rise from it again.
Psychological Resistance ~$1.50-$1.60 An area that the price has reached or approached (ATH close) and then pulled back from. It could be a logical selling point for speculators.
Key Support ~$1.03-$1.10 The price is now close to this range, which is a potential good support if it stabilizes above it.
Second Psychological Support ~$1.00-$1.05 If the price breaks the nearby support, this range is close to the psychological support, but exiting it could be quick.
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Proposed entry and exit points
Based on the above analysis, here are some suggested scenarios:
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Bullish Scenario
Proposed entry point: If the price bounces from the support in the range of ~$1.05-$1.10 with technical signals like a positive reversal candle or high trading volume.
Stop Loss: Just below the support, e.g. ~$0.95-1.00 if the price drops below the psychological support.
Take Profit: First target at ~$1.30, and if this resistance is broken, the next target may be ~$1.45-$1.50.
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Bearish Scenario
If the price fails to maintain support around $1.05-1.10, it may drop to ~$1.00 or lower.
In case of a clear downward movement, one can enter short (if the platform supports short) when the price rises towards the resistance near ~$1.30 with a stop loss close to the resistance.
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Warnings to be aware of
Unlocks may lead to additional selling pressure on the price if investors sell quickly.
Strong volatilityโprice may move quickly up or down with significant news or market signals.
Liquidity: Although the volume is large, it is distributed across multiple platforms, slippage or price differences between platforms may be influential.
$BARD
BARD
Alpha
0.76218
-1.63%