🚨🔍 TRADING SIGNAL ALERT: $HBAR /USDT ON THE 4-HOUR CHART 🔍🚨
HBAR/USDT has shown an impressive rally but is currently facing a pullback after hitting resistance around the 0.05010 level. The current price stands at 0.04820, reflecting a 3.35% decline over the last 24 hours. This correction may suggest consolidation before the next potential move.
💡 Entry Strategy: Traders can consider entering around the current price if a stable base forms, looking for signs of a potential rebound or further decline for strategic entry points.
Key Resistance and Support Levels:
🚧 Immediate Resistance: 0.05010 – Breaking this level could signal bullish momentum and push prices higher.
📉 Strong Support: 0.04784 – Watch this level closely, as a drop below may indicate a further downward trend.
🎯 Take-Profit Targets:
1. Target 1: 0.04950
2. Target 2: 0.05100
3. Target 3: 0.05250
🛑 Stop-Loss Level: Place a stop loss below 0.04600 to safeguard against significant losses.
⚠️ Cautionary Note: Keep an eye on the volume and candlestick patterns for validation of any movement. Monitor if the price stays above support or makes a strong move past the resistance for a potential breakout.
Stay informed and trade cautiously.
