$HBAR /USDT: Testing Key Resistance – A Perfect Setup for Tight-Target Trading
$HBAR is trading at 0.2174, up by a remarkable 30.69%, as it approaches its 24-hour high of 0.2209. The bullish momentum indicates strong market interest, but the RSI at 62.44 suggests room for further upward movement before overbought conditions are met. Critical support is identified at 0.2100, providing a reliable base for potential retracement. An entry around the current price of 0.2174 presents an excellent opportunity for short-term gains, with tight targets at 0.2195 (TP1), 0.2215 (TP2), and 0.2235 (TP3). To minimize risk, a stop-loss at 0.2070 is recommended.
This setup balances aggressive gains with cautious risk management. Traders should watch for a breakout above 0.2209, which could pave the way for a stronger upward rally. Manage positions tightly in this high-momentum environment to maximize returns.