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$HBAR Long Liquidation Alert 🚨
$HBAR just saw a long liquidation of $9.619K at $0.32672! The bears are taking control, forcing out long positions. Could this lead to a deeper pullback, or is it the perfect moment to buy the dip? Let's break down the action and plan the next steps!
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📊 What’s Happening?
1. Long liquidation at $0.32672 indicates selling pressure is building and bulls are losing momentum.
2. A correction is likely, but it could also be an opportunity to buy if the price holds key support levels.
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🔥 Next Move – HBAR Trading Plan
Buy Zone (Entry Points):
$0.320 - $0.325: Key support zone where price could find a bounce.
$0.310 - $0.315: If price dips lower, this is another potential entry point to catch the rebound.
Targets (Take Profit Levels):
Target 1: $0.340 (retest of the recent high).
Target 2: $0.350 (next resistance level).
Target 3: $0.375 (strong breakout zone).
Stop Loss:
Set your stop loss below $0.300 to limit potential downside risks.
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⚠️ Key Insights:
1. Watch for volume: A strong rebound will need increasing buying volume at support levels.
2. Confirm support: Wait for confirmation that price is holding at the key support levels before entering.
3. Stay aware of market sentiment: Keep an eye on any news or shifts in the market that could affect
$HBAR 's price.
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🚀 Summary:
The
$HBAR long liquidation signals that selling pressure is increasing, but it could also be an opportunity to buy the dip if key support zones hold. Stick to your trading plan, manage your risk carefully, and get ready for potential upside if the market turns! 🌟
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