$HBAR

Trading Alert: Short Signal Detected!

Based on the Fibonacci retracement levels shown in the chart, the price is indicating a potential reversal to the downside. After reaching a key resistance level, the momentum appears to be weakening, signaling a short opportunity.

Key Observations:

  1. Fibonacci Resistance: The price has hit a strong resistance zone near the upper retracement levels and is struggling to break higher.

  2. Trend Reversal Potential: The chart indicates a loss of bullish momentum, with a likely move downward.

  3. Risk-Reward Opportunity: This is an excellent chance to capitalize on the pullback as the price is poised to decline.

💰ENTRY: around 0.321

💰TP/SL: 0.291/0.342

📉 Recommended Action: Enter a short position now and aim for targets near the next Fibonacci support levels.

⚠️ Risk Management: Use proper stop-loss orders to manage risk and monitor the market closely for any unexpected moves.

Trade wisely and good luck!

Fib Retracement on 1d chart

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