$HARD has seen a significant price increase in the last 24 hours, reaching $0.1710, which is a 9.69% increase. This analysis will delve into the chart patterns and identify key support and resistance levels to predict future price movements.
Key Support and Resistance Levels
Immediate Support: $0.1582
Strong Support: $0.1396
Immediate Resistance: $0.1853
Strong Resistance: $0.2125
Chart Analysis
1. Bullish Momentum: The price action has formed a clear uptrend, breaking above several resistance levels. The green candlesticks indicate buying pressure, further confirming the bullish sentiment.
2. Bollinger Bands: The Bollinger Bands are expanding, suggesting increased price volatility. The price is currently trading above the upper band, indicating a strong bullish trend.
3. Entry Signal: A potential entry signal could be a slight pullback to the immediate support level of $0.1582. This dip could offer a buying opportunity for traders looking to capitalize on the ongoing bullish momentum.
Trading Strategy
Long Position: Consider entering a long position at the $0.1582 support level with a stop-loss below the recent low.
Take Profit: Set a take-profit target at the strong resistance level of $0.2125. #Binance240MUsers #WorldLibertyXChainlink #NextMarketMoves #PennsylvaniaBitcoinReserve #Write2Earn!