$HBAR Here’s a detailed analysis and trading plan for HBAR and BNB/USDT with buy zones targets and stop-loss levels using simple language:
Hedera (HBAR) Analysis
Chart Pattern: Symmetrical Triangle on the 4-hour timeframe.
Breakout Potential: If HBAR breaks out a 50% upside move is possible.
Buy Zone:
Place buy orders around $0.22–$0.24, which is a good entry area before the breakout.
Target Levels:
1. Target 1: $0.33 (near-term resistance level)
2. Target 2: $0.38 (further upside if momentum continues)
Stop Loss:
Set a stop loss below $0.20 to protect from downside risk.
Trading Strategy:
1. Wait for confirmation of the breakout with high trading volume.
2. Adjust your stop loss and take profits as targets are hit.
Binance Coin (BNB/USDT) Analysis
Market Condition: Consolidation phase with price moving sideways after the early December rally.
Buy Zone:
Ideal entry range is $700–$720 where strong demand may appear.
Target Levels:
1. Target 1: $780
2. Target 2: $840
If bullish momentum sustains further upside can be expected but $840 is a key short term target.
Stop Loss:
Place a stop loss at $680 just below the key support at $700, to manage risk.
Bullish Scenario:
BNB holds above $700 and attracts strong buying volume breaking resistance levels at $780 and $840.
Bearish Scenario:
If BNB breaks below $700 it could drop to lower levels.
Ensure proper risk management in case the market turns bearish.
Key Notes for Both Trades.
1. Monitor Bitcoin: BTC's performance impacts the overall crypto market so watch it closely.
2. Avoid Over-Leveraging: Use proper position sizing to manage risk.
3. Stick to the Plan: Follow your targets and stop-loss levels.
Don’t let emotions dictate your decisions.
4. Volume Confirmation: Breakouts with strong volume are more reliable avoid trading fake breakouts.
Stay patient trade responsibly and let the market come to you.
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