$HBAR $HBAR Ready for a Breakout? 🚀 Technical Analysis & Trade Setup
Market Update:
Looking at the 15m chart for HBAR/USDT, the price is showing strong bullish momentum. After a period of consolidation, buyers are stepping back in, pushing the price toward the upper Bollinger Band.
Why I am Bullish on HBAR:
Trend: Price is forming higher lows, indicating a steady recovery.
Indicators: MACD is showing a positive crossover, and the green histograms are increasing, suggesting rising buying pressure.
Momentum: RSI is around 68, showing strong strength. While approaching overbought territory, the current volume supports a potential continuation.
Trading Signal 📉📈
Entry Zone: $0.1088 - $0.1092
Target 1: $0.1105 (Short term)
Target 2: $0.1125 (Mid term)
Stop Loss: $0.1062 (Protect your capital!)
Strategy: Keep an eye on the $0.1096 resistance. Once we clear that with volume, we could see a fast move toward the targets. Always manage your risk and don't over-leverage!
What do you think? Is HBAR going to moon today? Let me know in the comments! 👇
#HBAR #Hedera #CryptoSignals #BinanceSquare #Altcoins #TradingTips
#DYOR