$HBAR Recently, we witnessed a significant long liquidation in $HBAR, with a total of $6.7669K being liquidated at a price of $0.28959. This has sparked some major shifts in the market. As we analyze this, it's crucial to understand where the price might be headed and how we can position ourselves.
Next Steps.
1. Price Action After Liquidation.
Liquidations often cause volatility in the market, leading to sudden price drops or corrections. After a liquidation like this, there is usually a retracement or consolidation phase before the next move. Traders may look for signs of stabilization before deciding on a direction.
2. Current Price and Trend.
As of now, $HBAR is experiencing downward pressure due to the liquidation. However, if it holds a key support level, we may see a potential reversal and upward movement.
Buy Zone.
Key Support Level. $0.26 - $0.27
If can maintain above this support zone, it may be a good entry point for a potential bounce. Look for signs of stabilization in this range before considering a buy.
Confirmation.
Ifstart to show bullish signs around $0.26 - $0.27 like a strong candle close or volume increase, it could signal a reversal.
Target.
Short-Term Target. $0.32
Once the price breaks above key resistance levels, the next immediate target is $0.32. This target offers a reasonable 15% to 20% upside from the current levels.
Medium Term Target. $0.35
If $HBAR continues to build momentum, $0.35 is the next target, which aligns with a key resistance level.
Stop Loss.
Stop Loss Zone. $0.24
To protect your capital, place a stop-loss just below the recent support at $0.24. This will limit your loss in case the price moves against you.
Conclusion.
The liquidation at $0.28959 could lead to further volatility, but it also creates an opportunity for traders who can spot a reversal.
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