$HBAR HBAR/USDT, here is the analysis for the next 12 hours:

Trend Analysis

1. Price:

The latest price is $0.29659, indicating a short-term bearish trend (downtrend).

Significant price drops are evident from long red candles with high volume.

2. Key Indicators:

MACD: Negative histogram widening, signaling strong bearish momentum.

RSI: Around the 20s, indicating oversold conditions and potential for a reversal.

Stochastic: Showing oversold conditions, nearing similar saturation points.

OBV (On-Balance Volume): Declining, confirming selling pressure.

3. Volume:

Significant volume during the decline reflects strong selling pressure.

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Buy Entry Strategy

Given the oversold conditions in RSI and Stochastic, there is potential for a pullback or reversal. However, confirmation is needed before entering.

Buy Entry:

Wait for a bullish candlestick confirmation in the support area. The relevant support level is around $0.292.

Stop Loss (SL):

Place the SL below the previous strong support, around $0.285.

Take Profit (TP):

Target the nearest resistance level at $0.315.

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Trading Notes

Avoid entering without confirmation, such as a reversal candlestick pattern (hammer, bullish engulfing).

Monitor volume data, as a support breakout could extend the bearish trend.

Be cautious of risks if the market remains bearish after the support level is breached.