$HBAR
/USDT Technical Analysis and Trade Signal🚀🎯
Current Price: 0.16889 USDT
Key Indicators:
Bollinger Bands (20, 2):
Upper Band: 0.17043
Middle Band: 0.16718
Lower Band: 0.16394
The price is near the middle band, with room to test the upper band, indicating neutral to slightly bullish momentum.
Parabolic SAR (0.02, 0.2):
SAR Value: 0.1643
The SAR is positioned below the current price, signaling an uptrend.
24h High: 0.18679
24h Low: 0.14837
Order Book Depth:
15m Depth: 16.68% (strong buying interest)
1h Depth: 8.77% (moderate buying interest)
4h Depth: 4.72% (weaker buying interest)
Trade Signal:
Trend: Bullish (uptrend confirmed by SAR and positive price movement)
Momentum: Moderate to strong (with a recent upward shift and continued buying interest)
Target Levels 🎯:
1. Target 1 (First Resistance): 0.17043
This aligns with the upper Bollinger Band. Price action could encounter resistance here, and it's a reasonable level to take partial profits if momentum slows.
2. Target 2 (Mid-Term Resistance): 0.18000
This level is a psychological round number near the 24h high, and it could serve as a key resistance zone where price may face selling pressure.
3. Target 3 (Ultimate Resistance/24h High): 0.18679
The 24h high serves as the ultimate resistance level. If HBAR can break past 0.18000, this level would be a logical area to monitor for reversal or further upside.
Stop Loss:
Stop Loss Level: 0.1643 (Near the SAR value and the recent low)
This provides a safe margin in case of a sudden price pullback.
Trade Momentum:
Buy Zone: Enter around current levels (0.16889), targeting the first resistance at 0.17043.
Exit Strategy: If price approaches 0.17043, take partial profits and watch for momentum continuation. If HBAR breaks above 0.17043, shift focus to Target 2 (0.18000) and Target 3 (0.18679).
Risk/Reward: With a stop loss near 0.1643 and potential target of 0.17043, this setup offers a favorable risk-to-reward ratio of 2:1.
