$HBAR
/USDT My Prediction of Technical Analysis and Trade Strategy with Three Target levels and Momentum indicators🎯🚀
Technical Analysis:
Current Price: $0.26734
24h High: $0.26800
24h Low: $0.18901
Bollinger Bands (20, 2):
Upper Band: $0.26103
Middle Band: $0.24415
Lower Band: $0.22727
Parabolic SAR: $0.24383
Momentum Indicators:
The price is nearing the upper Bollinger Band, suggesting continued bullish momentum, especially since the SAR is below the price.
If the price holds above the upper band ($0.26103), this could confirm further bullish movement.
Trade Strategy:
Target Levels 🎯:
1. First Target 🎯 ($0.26800):
This is the current 24h high and could act as the first resistance. A breakout above this level could lead to further upward momentum.
Entry: Enter long if the price breaks above $0.26800, targeting higher levels.
Stop Loss: Set a stop loss around $0.26100 (just below the upper Bollinger Band).
2. Second Target 🎯 ($0.27500):
This target is a potential resistance zone above the current 24h high.
Entry: If the price clears $0.26800 and holds above it, aim for $0.27500 as the next major resistance.
Stop Loss: Place a stop loss near $0.26300 to safeguard the position against sudden retracements.
3. Third Target 🎯 ($0.28500):
A longer-term target if the bullish trend continues and the price sustains above the upper Bollinger Band.
Entry: Consider entering on a breakout or continuation above $0.27500, with momentum indicators remaining strong.
Stop Loss: Adjust stop loss to $0.26700 to secure profits.
Trade Momentum:
Buy Signal: Enter long when the price is above the SAR value of $0.24383 and breaks above the upper Bollinger Band ($0.26103).
Strong Momentum: Continue to hold the position as long as the price remains above $0.26100 and shows no signs of reversal.
Sell Signal/Exit: If the price drops below the SAR or the lower Bollinger Band ($0.22727), consider exiting the trade or setting a tight stop loss.