$HBAR HBAR/USDT 4-Hour Analysis: Profits Secured, Bearish Continuation Expected

Enjoy the Gains!

The analysis has once again proven its value, and those who followed should have captured significant profits from the recent uptrend. The price hitting a high of $0.1869 from the prior support levels provided a solid opportunity to lock in profits.

Bearish Sentiment Persists for Swing Traders

Market Overview:

• Last Price: $0.16797 (-5.67%)

• Break-Even Price: $0.16393 (indicating profit lock-ins)

• 24H Volume: A significant reduction, signaling a decrease in bullish momentum.

Indicators:

1. Moving Averages:

• MA(5): $0.16575 – Price slightly above but retracing.

• MA(50): $0.14479 – Key support for a bearish target zone.

2. RSI:

• RSI(6): 65 – Overbought, aligning with potential bearish correction.

• RSI(12): 65.37 – Losing strength, further confirming bearish momentum.

3. MACD:

• Bullish momentum is weakening; a potential bearish crossover is forming.

4. OBV:

• Volume outflow indicates reduced interest in sustaining the current levels.

Support & Resistance:

• Immediate Resistance: $0.1750 – Likely to face selling pressure here.

• Key Support: $0.1620 – Break below this could accelerate bearish sentiment.

• Secondary Support: $0.1500 – Aligned with prior consolidation zone.

Bearish Trading Plan:

• Entry Point: Around $0.1720–$0.1740 for shorts.

• Target 1: $0.1620

• Target 2: $0.1500

• Stop-Loss: $0.1770 (tight risk management for swing trades).

Summary:

While the recent rally has been profitable, the current setup favors a bearish correction. Swing traders should look to capitalize on this momentum shift with tight stops and well-defined targets. The key is to monitor volume and momentum closely to adjust positions if necessary.

Stay tuned for more updates and actionable insights!