💥 Hedera
$HBAR is on fire! After a massive +25.85% rally in 24h, traders are wondering: Is this the start of a new uptrend or a classic bull trap? Let’s break it down! 👇
🔍 Market Sentiment
🟩 Bullish, but Overheated?
HBAR has surged to its highest levels in weeks, showing strong buying momentum. However, technical indicators suggest caution as the price nears key resistance zones:
▫️ RSI(14): 75.04 → Overbought territory, possible pullback?▫️ ADX: 50.56 → Strong uptrend confirmation▫️ TD Sequential: 9 Up → Momentum continuation, but risk of exhaustion▫️ Bollinger Bands: Upper Band at $0.240 → Breakout zone or resistance?
💡 What’s Next? If HBAR holds above $0.240, we could see a continuation toward $0.250+. But a rejection could trigger a short-term correction.
🎯 Trading Idea: Momentum Strategy
🟩 Potential Long Entry (Trend Continuation)
🔹 Buy Zone: $0.235 - $0.240 (Breakout Confirmation)🔹 Stop-Loss: $0.227 (Below Parabolic SAR for risk management)🔹 Take Profit: $0.250 - $0.260 (Riding momentum higher)🔹 Risk-Reward Ratio: 1:3
🟩 ✔️ Confirmation Before Entering:
▫️ RSI holding below 80 → Still room for upside▫️ ADX staying above 50 → Trend strength intact▫️ High buying volume → No signs of exhaustion
🟥 Potential Short Entry (Trend Exhaustion)
🔹 Sell Zone: $0.240 - $0.245 (If price struggles to break higher)🔹 Stop-Loss: $0.250 (Above resistance level)🔹 Take Profit: $0.220 - $0.225 (Possible retracement to support)🔹 Risk-Reward Ratio: 1:3
🟥 ✔️ Confirmation Before Shorting:
▫️ Rejection from upper Bollinger Band ($0.240+)▫️ Weak volume on upward moves▫️ RSI dropping below 70 → Momentum fading
📊 Key Metrics:
💲 Price: $0.237⚖ H/L: $0.238 | $0.186📈 1H Change: +0.45%🌕 24H Change: +25.85%🌕 7D Change: +10.81%🟥 30D Change: -24.62%⛰️ ATH: $0.569 (-58.24%)📊 24H Volume: $706.04M💰 Market Cap: $9.96B
💡 Final Thoughts
$HBAR has exploded higher, but can the bulls maintain control? A break above $0.240 could fuel another leg up, while failure to hold support might lead to a pullback. Traders should watch for confirmation before entering!
📢 Will
$HBAR push higher or retrace? Drop your thoughts below! 👇
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