$HBAR /USDT has been consolidating in a range for the past few days. The price is currently trading at $0.27882, slightly below the 24-hour high of $0.28428 and the 24-hour low of $0.23371. The Relative Strength Index (RSI) is at 74.27750, indicating potential overbought conditions.
Entry:
Consider a long position at the current price of $0.27882.
Resistance & Support:
* Resistance: $0.30144, $0.27999
* Support: $0.25516, $0.23371
Take-Profit Targets:
* Target 1: $0.30144
* Target 2: $0.30483
* Target 3: $0.30800
Stop-Loss:
Set a stop-loss below the recent low at $0.23371.
Caution:
The market is currently overbought, and a pullback to the support levels is possible. Traders should monitor the price action closely and be prepared to adjust their positions accordingly. Look for stability or potential breakout signals before entering new trades.
