$HARD $HARD
HARD/USDT: Navigating the Dip
The HARD/USDT pair is currently trading at $0.1308, down 9.29% in the last 24 hours. While the recent price action has been bearish, there are some interesting levels to watch on the chart.
Support and Resistance:
* Immediate Support: The $0.1301 level appears to be acting as a strong support zone. If the price breaks below this level, the next significant support lies around $0.1295.
* Resistance: The $0.1336 level is a key resistance level. A break above this level could signal a potential bullish reversal and open the door for further upside.
Entry Strategy:
For conservative traders, waiting for a clear break above the $0.1336 resistance level could be a prudent approach. This would confirm a bullish reversal and provide a more favorable risk-reward ratio.
For more aggressive traders, a potential entry could be considered around the current support level of $0.1301, with a stop-loss placed below the recent low. However, it's important to note that the market sentiment is currently bearish, so caution is advised.
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