$HBAR
AR Trading Strategy
Based on the technical analysis of HBAR/USDT, here is a trading strategy:
Entry Points:
Buy on Pullback: Enter near the $0.10110 support level if the price corrects.
Breakout Trade: Buy if the price breaks and closes above the $0.11485 resistance level, signaling continued bullish momentum.
Stop-Loss:
Set a stop-loss below key support levels:
For a pullback entry: $0.09900 to minimize downside risk.
For a breakout trade: $0.11250, just below the breakout point, to avoid false breakouts.
Profit-taking targets:
Near term: $0.12000 (psychological resistance) and $0.12710 (24-hour high).
Long term: $0.13500 and $0.14000 if bullish momentum persists.
Support and resistance levels:
Immediate support: around $0.10110, as indicated by recent consolidation.
Resistance levels:
Near term: $0.11485.
Key resistance: $0.12710, representing the 24-hour high.
Upside targets: A break above $0.11485 could lead to a retest of $0.12710.
Downside Risk: Failure to hold $0.10110 could push prices towards $0.09954 (long-term MA support).