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Short Trading Signal on $HBAR /USDT🔥💯
Trading Overview: The $HBAR/USDT pair has shown strong growth but is facing strong rejection near $0.3700, indicating a potential pullback.
Entry: Enter a short position at $0.3540.
Take Profit (TP):
• TP1: $0.3400
• TP2: $0.3250
Stop Loss (SL): Place a stop loss at $0.3700 to limit risk.
Technical Justification:
• Rejection at higher levels with a 4% drop in the current candle.
• RSI shows overbought conditions on lower timeframes.
• Possible correction towards the support areas at $0.3400 and $0.3250.
Risk/Reward: This trade offers a balanced risk/reward ratio, suitable for short-term quick opportunities.
Monitor trading volume and market sentiment to ensure the downward move continues.
HBARUSDT
Trading Overview: The $HBAR/USDT pair has shown strong growth but is facing strong rejection near $0.3700, indicating a potential pullback.
Entry: Enter a short position at $0.3540.
Take Profit (TP):
• TP1: $0.3400
• TP2: $0.3250
Stop Loss (SL): Place a stop loss at $0.3700 to limit risk.
Technical Justification:
• Rejection at higher levels with a 4% drop in the current candle.
• RSI shows overbought conditions on lower timeframes.
• Possible correction towards the support areas at $0.3400 and $0.3250.
Risk/Reward: This trade offers a balanced risk/reward ratio, suitable for short-term quick opportunities.
Monitor trading volume and market sentiment to ensure the downward move continues.
HBARUSDT
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