🚀 $HBAR LONG SETUP (4H)
🎯 Target 1: $0.0958
🎯 Target 2: $0.1007
🛑 Stop Loss: $0.0875
⚡ Entry Zone: $0.0915 - $0.0933
Technical Justification:
* Strong Support Bounce: Hedera ($HBAR) has formed a solid bottom at the $0.0879 level. The recent price action shows a series of bullish engulfing candles on the 4H timeframe, indicating a trend reversal from the previous downtrend.
* MACD Bullish Cross: The MACD has officially crossed bullishly (DIF > DEA), and the histogram has shifted into positive green territory. This confirms that the downward momentum has exhausted and buyers are now in control.
* RSI Momentum: The RSI (6) is at 72, showing strong upward strength. While the Stoch RSI is near the top at 98, the price is currently holding above the immediate local resistance, suggesting that any minor dip will likely be bought up quickly to test the major psychological resistance at $0.10. @Cryptobutcher