HBAR/USDT Technical Analysis: Buying, Selling, and Stop Loss Targets ⚖️
Key Trading Levels:
Long Entry: Above 0.29697
Sell Target 1: 0.30704
Sell Target 2: 0.31453 (24h High)
Stop Loss: 0.28875
Short Entry: Below 0.28875
Buy Target 1: 0.29077
Buy Target 2: 0.29188
Stop Loss: 0.29697
Support & Resistance Zones:
Resistance Levels: 0.30704, 0.31453
Support Levels: 0.28875, 0.29077, 0.29188
Technical Indicators:
Average Price: 0.29697
RSI: Currently showing a slight decline at -0.76%
MACD: Neutral, no significant momentum
Market Sentiment:
Volume Analysis: 701.91M HBAR traded in the last 24 hours, with a total of 210.67M USDT in volume.
Price Action: Price is testing the low of the day, with a potential to rebound or continue downward depending on the support/resistance interaction.
Depth Info:
Order Book Depth:
Buy Orders: 0.29682, 0.29077
Sell Orders: 0.30704, 0.31453
Trade Setup & Strategy:
Bullish Scenario: If price breaks above 0.29697, target 0.30704 first, then 0.31453.
Bearish Scenario: If price drops below 0.28875, consider going short with targets at 0.29077 and 0.29188.
Reminder: Always manage your risk wisely and trade with caution!
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