Technical Analysis of HBARUSDT
Key Points:
- HBAR price broke the resistance zone with high volume on the daily chart.
- The resistance break followed 650 days of consolidation period.
- The buy zone is currently established below $0.102.
- A stop loss is suggested at $0.086 for potential swing trade operations.
Our Takeaway:
The recent activity in HBAR pricing provides an intriguing prospect for investors, specifically those interested in swing trading. The substantial break of the resistance zone suggests that HBAR may be entering a new, potentially bullish phase following a significant consolidation period. Nevertheless, cautious investors should consider the suggested stop loss point at $0.086 to mitigate potential risks. The financial markets, particularly in the cryptocurrency domain, are volatile and fast-paced, thus it’s crucial to apply prudent risk management tactics.
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