$HBAR Scalping to monitor this order to see if Chat GPT is worth $20 😂😂😂

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Based on the HBAR/USDT chart you provided, here is a detailed guide to perform scalping:

1. Identify technical factors:

Bollinger Bands: The price is moving near the middle and lower bands of the Bollinger Bands, indicating temporary selling pressure.

Resistance and support:

Near resistance: 0.31920 (upper band of Bollinger Bands).

Near support: 0.30631 (lower band of Bollinger Bands).

Trading volume: Currently, there is no significant spike, so consider trading within a narrow range.

2. Scalping strategy:

Entry point:

Buy (Long): If the price touches the support level of 0.30631 and shows a bullish reversal candle.

Sell (Short): If the price touches the resistance level of 0.31920 and shows a bearish reversal candle.

Stop Loss:

Set stop loss at the price level of 0.30576 if buying.

Set stop loss at the price level of 0.32581 if selling.

Take Profit:

Buy order: Take profit at the price level of 0.31275 - 0.31500.

Sell order: Take profit at the price level of 0.30900 - 0.30650.

3. Capital management:

Only use a maximum of 2-3% of total capital for each order to reduce risk.

If the price does not move in the expected direction within 15-30 minutes, consider exiting the order to avoid significant risk.

4. Execute orders:

Buy order: Place a Limit Buy order at 0.30631.

Sell order: Place a Limit Sell order at 0.31920.

5. Monitor the market:

Use RSI or MACD to confirm the trend when the price hits support/resistance.

Monitor volume fluctuations to identify unusual breakouts.

Please confirm before executing orders and ensure you always adhere to risk management principles!