$HBAR Long Liquidation: $2.467K at $0.3216
#HBAR has seen a significant long liquidation of $2.467K at $0.3216, raising the risk of further downside pressure. The forced exit of long positions could trigger a continuation of the current bearish trend if the market fails to regain upward momentum.
📉 Current Price Action: At $0.3216, HBAR is at a key level of support. A failure to hold this level could lead to further declines, potentially targeting $0.31 or lower. The liquidation could pave the way for more selling if sentiment turns negative.
⚖️ Volume Alert: Watch for any signs of increased selling volume. If the bears take control, we could see further downside movement. However, if volume remains low, there may be potential for stabilization or even a reversal.
Risk Management: Be cautious with long positions, as a drop below $0.32 could signal a further retreat. Tight stop losses are essential in this volatile market to manage risk effectively.
Upside Potential: If HBAR manages to hold the support at $0.32 and reclaim $0.325, we could see a rally toward $0.33, with further resistance around $0.34.
The liquidation has created volatility—watch the price closely for signs of a shift in momentum.