Technical Analysis and Trade Signals for $HARD /USDT
Current Price: $0.1769 (+6.82%)
Analysis:
Support Level: $0.1629 (recent low, acting as strong support)
Resistance Level: $0.1848 (recent high, key hurdle for upward movement)
Momentum Indicators:
RSI is approaching overbought territory, indicating bullish momentum but a possible correction ahead.
MACD shows bullish crossover, signaling upward strength.
Moving Averages:
Price is trading above the 50-day EMA, confirming bullish sentiment.
Trade Setup:
Entry Zone: $0.1750ā$0.1780 (on minor dips for optimal risk-reward ratio)
Targets šÆ:
1. Target 1: $0.1825 (short-term resistance)
2. Target 2: $0.1880 (medium-term resistance, breakout level)
3. Target 3: $0.1950 (long-term target if bullish momentum sustains)
Stop Loss: $0.1700 (to protect against sudden reversals)
Trade Momentum:
Short-term: Bullish with moderate risk of correction (ideal for intraday trades).
Mid-term: Neutral to bullish, depending on whether $0.1848 resistance is breached.
Long-term: Strong bullish potential if HARD breaks and sustains above $0.1900.
Recommendation: Monitor closely around $0.1848 for breakout confirmation. A rejection from this level may lead to consolidation around $0.1700ā$0.1750. Use proper risk management.
