$HBAR HBAR/USDT, here is the analysis for the next 12 hours: Trend Analysis 1. Price: The latest price is $0.29659, indicating a short-term bearish trend (downtrend). Significant price drops are evident from long red candles with high volume. 2. Key Indicators: MACD: Negative histogram widening, signaling strong bearish momentum. RSI: Around the 20s, indicating oversold conditions and potential for a reversal. Stochastic: Showing oversold conditions, nearing similar saturation points. OBV (On-Balance Volume): Declining, confirming selling pressure. 3. Volume: Significant volume during the decline reflects strong selling pressure. --- Buy Entry Strategy Given the oversold conditions in RSI and Stochastic, there is potential for a pullback or reversal. However, confirmation is needed before entering. Buy Entry: Wait for a bullish candlestick confirmation in the support area. The relevant support level is around $0.292. Stop Loss (SL): Place the SL below the previous strong support, around $0.285. Take Profit (TP): Target the nearest resistance level at $0.315. --- Trading Notes Avoid entering without confirmation, such as a reversal candlestick pattern (hammer, bullish engulfing). Monitor volume data, as a support breakout could extend the bearish trend. Be cautious of risks if the market remains bearish after the support level is breached.
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