$HBAR Liquidated Long: 160K at0.247
Major Market Movement!
- A huge liquidation just hit #HBAR with a long position of 160K at0.247!
This indicates high volatility in the market, and we could see strong price action in the coming hours.
Key Levels to Watch:
Support Level: 0.230 - This is a critical support area where $HBAR may find buying pressure. If the price holds, we might see a bounce.
Resistance Level:0.270 - A key resistance point. If price breaks above this level, expect potential bullish momentum to 0.300.
Next Move Strategy:
1. For Buyers:
Entry Price: Watch for a potential entry around 0.230.
If the price shows signs of support here, consider entering. This level has been a strong support zone in the past.
Target Price: Aim for 0.270 (Resistance) for potential profits.
Stop-Loss: Place a stop-loss below 0.220 to manage risk in case the price breaks lower.
2. For Sellers:
- Entry Price: If #HBAR struggles to break above 0.270, it could be a good time to sell. A rejection here could send the price back toward 0.230.
- Target Price: You can aim for the support zone at 0.230.
-Stop-Loss: Set stop-loss above 0.275 to limit losses if the price breaks resistance.