$HBAR /USDT: A Quick Recovery After the Dip – What's Next? #HBAR is trading at $0.28329, down 11.77% in the past 24 hours but showing signs of recovery after touching a low of $0.27555.
Key Levels to Watch:
1. Support:
$0.27555: Strong immediate support. If this level holds, it may offer a base for a bullish rebound.
$0.26000: A crucial level to watch for further accumulation if the support fails.
2. Resistance:
$0.29000: Immediate resistance for short-term traders.
$0.31000: Critical level for a bullish continuation.
Trade Setup:
Long Trade:
Entry: Above $0.28500
Targets: $0.29500, $0.30500
Stop-Loss: $0.27500
Short Trade:
Entry: Below $0.27500
Targets: $0.26500, $0.25000
Stop-Loss: $0.28500
Market Insight:
HBAR’s recent rebound from oversold RSI levels suggests potential for a short-term upward momentum. However, with MACD signaling mild bearish sentiment, traders should remain cautious.
Pro Tip: The bounce from $0.27555 is worth watching for a potential trend reversal. Set tight stop-losses to protect your trades!
Stay sharp and ready for the next move!