$HBAR
1. Market Condition:
Last Price: 0.34369 USDT (+22.25%), indicating strong bullish momentum.
Moving Averages (MA): The current price is above MA(7) and MA(25), confirming a short-term bullish trend.
SAR Parabolic: Dots are below the price, supporting the bullish trend.
2. Technical Indicators:
MACD: The histogram shows strong bullish momentum, but the DIF (blue) line is approaching the DEA (red) line, signaling potential slowing.
RSI (6): At 59.84, nearing the overbought zone (>70). A minor correction may occur before further upward movement.
Stochastic: Still bullish but approaching overbought levels.
OBV (On-Balance Volume): Strong upward trend, indicating increased buying interest.
WmR (%R): At -65.55, still supportive of further upside potential.
3. Key Support and Resistance Levels:
Nearest Support:
0.327 (MA(25))
0.302 (previous swing low)
Key Resistance:
0.378 (24-hour high)
4. Strategy for the Next 12 Hours:
Potential Buy Entry:
Wait for a correction to support levels:
Conservative Entry: 0.327
Aggressive Entry: 0.335 (near MA(7))
Take Profit (TP) Targets:
TP1: 0.360 (minor resistance)
TP2: 0.378 (major resistance)
Stop Loss (SL):
Set SL below the strong support level, such as 0.320, to manage risks.
5. Alternative Scenario:
If the price breaks and holds above 0.378 with strong volume, you can open a buy position targeting around 0.400.
Always use strict risk management and adjust to market conditions.