#AIMarketCapDip
$HBAR /USDT Take Advantage of the Dip – Key Levels to Watch #HBAR is trading at $0.28062, down 13.11% in the past 24 hours, presenting a potential opportunity for traders to capitalize on the dip.
Key Levels to Watch:
1. Support:
$0.27555: Immediate support zone. A breakdown could lead to further declines.
$0.26000: Critical support to monitor for potential accumulation.
2. Resistance:
$0.29000: Initial recovery target for bulls.
$0.31000: A significant level to reclaim for bullish momentum.
Trade Setup:
Long Trade:
Entry: Above $0.28500
Targets: $0.29500, $0.30500
Stop-Loss: $0.27500
Short Trade:
Entry: Below $0.27500
Targets: $0.26500, $0.25000
Stop-Loss: $0.28500
Market Insight:
HBAR is approaching oversold levels on the RSI, hinting at a possible short-term bounce. However, MACD signals indicate bearish pressure, so caution is advised.
Pro Tip: The dip near $0.27555 could be an excellent entry point for short-term gains. Monitor price action carefully and manage risk with tight stop-losses!