$HBAR
USDT | Short-Term Trading Insight
The daily chart remains bearish, but the 4-hour timeframe is consolidating in a range. On the 1-hour chart, price is above the EMA50, yet the EMA50 still sits below EMA200, suggesting any upward move is relatively weak. A short setup is emerging, as the 1-hour RSI sits at 63.65—overbought—indicating momentum is stalling near resistance.
The trigger for this trade is a drop below RSI 50 on the 15-minute chart, signaling the short-term uptrend is breaking and providing a potential entry to ride the next leg down in the broader bearish trend.
Short Trade Setup:
Entry: 0.1148 – 0.1154 (market)
Take Profit 1: 0.1134
Take Profit 2: 0.1128
Take Profit 3: 0.1116
Stop-Loss: 0.1169
This setup favors disciplined execution, aiming to capitalize on a weakening bounce within the larger downtrend.