$HBAR 🚀 HBAR/USDT Perpetual: Long Strategy 🚀

Current Price: $0.14096 (-4.16%)

24H High: $0.15962

24H Low: $0.13605

Why Consider a Long Position?

1. Strong Support Zone:

• The price is approaching a key support level at $0.13605, which has shown resilience during the current trading session. Buyers may step in here.

2. RSI Approaching Oversold Levels:

• RSI (6) is at 37.85, nearing oversold territory. This could indicate a potential price reversal or relief rally.

3. Volume Indicates Market Activity:

• With a 24-hour trading volume of 2.98B HBAR, there’s strong market participation, and buyers might dominate if support holds.

4. Potential for a Short Squeeze:

• Current bearish momentum may exhaust soon, providing an opportunity for a rebound towards higher resistance levels.

Long Strategy Plan:

• Entry Point:

• Enter near $0.13605, the key support level, once you see confirmation (e.g., bullish candlesticks like hammer or engulfing).

• Take-Profit Levels:

• Target 1: $0.146 (short-term resistance near MA levels).

• Target 2: $0.15962 (24-hour high, stronger resistance level).

• Stop-Loss:

• Place a stop-loss just below $0.134 to minimize risks in case the support breaks.

Key Reminders:

• Confirm the bounce with increased volume and bullish momentum before entering.

• Monitor broader market trends and Bitcoin movements, as they can influence HBAR’s price.

💡 What’s your view? Are you taking a long position on HBAR or waiting for more confirmation? Let’s share strategies below! 📊

Trade safe and stay focused! 🚀