HBAR is currently priced at $0.07772, down 3.29% in the last 24 hours. I'm treating this round with a scalping strategy, focusing on structure rather than chasing emotions.
Three key points to consider in this setup: the trading volume is about 5.5M, the price just went through a noticeable fluctuation, and short-term positions have been partially cleared out. For similar patterns to continue, it's not about how aggressive the first leg up was, but whether the lows can be elevated during pullbacks.
Right now, we need to watch two things: first, can the rebound hold above the short-term moving averages? Second, is there continued support after increased volume? If we see price increase on low volume, it indicates selling pressure is still present; if the price pulls back without breaking the previous low, and is supported by increased volume, then we can consider that a valid recovery.
Conclusion: For HBAR, initially look for support near the current levels to see if we can establish a solid footing before targeting a breakout above resistance; if we break below recent lows, it's time to admit the mistake and not hold out stubbornly.
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Price chart: Current price $0.07782, 24h -3.03%.
Support at $0.07738, resistance at $0.08062.
Target $0.08095, invalidation at $0.07716.
Three key points to consider in this setup: the trading volume is about 5.5M, the price just went through a noticeable fluctuation, and short-term positions have been partially cleared out. For similar patterns to continue, it's not about how aggressive the first leg up was, but whether the lows can be elevated during pullbacks.
Right now, we need to watch two things: first, can the rebound hold above the short-term moving averages? Second, is there continued support after increased volume? If we see price increase on low volume, it indicates selling pressure is still present; if the price pulls back without breaking the previous low, and is supported by increased volume, then we can consider that a valid recovery.
Conclusion: For HBAR, initially look for support near the current levels to see if we can establish a solid footing before targeting a breakout above resistance; if we break below recent lows, it's time to admit the mistake and not hold out stubbornly.
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Price chart: Current price $0.07782, 24h -3.03%.
Support at $0.07738, resistance at $0.08062.
Target $0.08095, invalidation at $0.07716.