#StopLossStrategies HBAR Price Correction and Potential Death Cross

HBAR recently underwent a notable price correction, bringing the altcoin to a critical support level amidst weak market conditions. Short traders may find an opportunity to avoid heavy liquidation losses due to the current downside movement. Approximately $30 million in short contracts are at risk of liquidation if HBAR's price reaches $0.18, posing significant losses for traders. However, the current price range around $0.157 offers some relief as the market struggles to breach lower support levels. The proximity of the 200-day EMA to the 50-day EMA indicates a potential Death Cross, signaling a continuation of the bearish trend and possible further declines for HBAR. While currently trading at $0.157 above the critical support of $0.154, HBAR remains vulnerable to deeper declines if bearish sentiment persists. A break below $0.154 could confirm the Death Cross formation, leading to a drop towards $0.143 or lower.#HBARUSD #HBAR_coin $HBAR