$HBAR Trading Strategy
Based on the technical analysis of HBAR/USDT, here is a trading strategy:
Entry Points:
Buy on Pullback: Enter near the support level of $0.10110 if the price corrects.
Breakout Trade: Buy if the price breaks and closes above the resistance level of $0.11485, signaling continued bullish momentum.
Stop-Loss:
Set a stop-loss below the key support levels:
For a pullback entry: $0.09900 to minimize downside risk.
For a breakout trade: $0.11250, just below the breakout point, to avoid false breakouts.
Take-Profit Targets:
Short-Term: $0.12000 (psychological resistance) and $0.12710 (24-hour high).
Long-Term: $0.13500 and $0.14000 if the bullish momentum persists.
Support and Resistance Levels:
Immediate Support: Around $0.10110, as indicated by recent consolidation.
Resistance Levels:
Short-term: $0.11485.
Key resistance: $0.12710, representing the 24-hour high.
Upside Targets: Break above $0.11485 could lead to a retest of $0.12710.
Downside Risk: Failure to hold $0.10110 could push prices toward $0.09954 (long-term MA support).
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