HBAR’s Next Support and Resistance Targets
2025-01-18
Category: None

HBAR hit a key high at $0.3922 but faced rejection, suggesting the formation of a trading range or a potential ABC corrective structure. A developing head and shoulders pattern further signals possible bearish momentum in the short term.

 Key levels and trade setups: 

 Short Setup: 
 
 Entry: Around the 0.618 Fibonacci retracement of the current wave
 
 
 Stop Loss: Above the $0.3922 key high
 
 
 Take Profit: Targeting the Fib Retracement 0.382 at $0.34356
 
 
 R:R: A favorable 5:1 if taken from the 0.618 retracement or 2:1 when entering after losing the dOpen
 
 Support Zone: 
Anchored VWAP, weekly level and Fibonacci speed fan 0.618, depending on timing, align near $0.34356–$0.33284. This confluence provides a robust area for potential price bounces.

 Long Setup: 
 
 Entry: Within the support zone, contingent on bullish confirmation
 
 
 Stop Loss: Below the support zone
 
