$HBAR /USDT Trading Signal - Consolidation After Rejection
Current Price: $0.31712
Key Levels:
24h High: $0.33010
24h Low: $0.30080
Observation:
$HBAR /USDT is consolidating after failing to sustain above $0.33010, retreating to $0.31712. The price remains above key support at $0.31500, indicating a potential rebound if buying interest resumes. The strong trading volume at 554.17M suggests active market participation.
Potential Strategy:
Entry Range: $0.31600 - $0.31800
Targets:
Target 1: $0.32500 (Immediate Resistance)
Target 2: $0.33000 (24h High Retest)
Stop Loss: $0.31000
Key Insights:
Holding above $0.31500 could lead to a short-term rally, with $0.33000 as the next key resistance. Watch for a volume-driven breakout to confirm bullish continuation. Secure partial profits at Target 1 and adjust the stop-loss after reaching it to minimize risk.