$HBAR: High Conviction Short Opportunity as $HBAR Tests Supply Wall
SHORT SETUP HBAR
Entry: $0.08430 - $0.08445
Stop Loss: $0.08741
Take Profit: $0.07830 (2R)
Key Levels: Support $0.08264 | Resistance $0.08376
Technical Analysis for $HBAR: Price sits below EMA9, EMA21, EMA50 and EMA200, signaling bearish bias. MACD line is under its signal with a negative histogram, and RSI at 45 shows weakening momentum. Stochastic K (56) is under D (66), confirming downward pressure. ADX is low, indicating a weak but prevailing downtrend. Together, these indicators favor SHORT continuation toward support.
Market Context: BTC is in a bearish mixed trend and the overall market is broadly negative, with 68.2% of assets red.
SHORT $HBAR
SHORT SETUP HBAR
Entry: $0.08430 - $0.08445
Stop Loss: $0.08741
Take Profit: $0.07830 (2R)
Key Levels: Support $0.08264 | Resistance $0.08376
Technical Analysis for $HBAR: Price sits below EMA9, EMA21, EMA50 and EMA200, signaling bearish bias. MACD line is under its signal with a negative histogram, and RSI at 45 shows weakening momentum. Stochastic K (56) is under D (66), confirming downward pressure. ADX is low, indicating a weak but prevailing downtrend. Together, these indicators favor SHORT continuation toward support.
Market Context: BTC is in a bearish mixed trend and the overall market is broadly negative, with 68.2% of assets red.
SHORT $HBAR