Technical analysis by Shahzadashraf30 about Symbol HBAR: Buy recommendation (3/18/2025)

Shahzadashraf30

Key Price LevelsThe chart is annotated with color-coded horizontal zones for clarity, marking the entry, take-profit, and stop-loss levels:Entry / DCA Range:Price: 0.15036 to 0.17172Color: PinkDescription: This is the primary zone to initiate a long position. You can enter at 0.15036 and scale in (using Dollar-Cost Averaging) if the price dips higher within this range, up to 0.17172.Take-Profit Levels:TP1:Price: 0.22000 to 0.24000Color: Light GreenDescription: The first profit-taking zone, ideal for securing initial gains after an upward move from the entry.TP2:Price: 0.26000 to 0.28000Color: Light CyanDescription: The second target, representing a higher resistance area for partial profit-taking.TP3:Price: 0.32000 to 0.34000Color: Light YellowDescription: The final target, aligning with historical resistance and the maximum expected upside for this trade.Stop-Loss:Price: Below 0.11727 (range extends to 0.11500)Color: RedDescription: This is the hard stop-loss level. A daily candle closing below 0.11727 signals an exit, with the range down to 0.11500 acting as a critical support zone.Trading StrategyEntry: Enter a long position within the 0.15036 to 0.17172 range. Consider adding to your position if the price moves toward the upper end of this zone to average your entry cost.Take-Profit:Take partial profits at TP1 (0.22000–0.24000).Secure additional profits at TP2 (0.26000–0.28000).Exit fully or take final profits at TP3 (0.32000–0.34000).Stop-Loss: Place a hard stop-loss below 0.11727. Confirm the exit only if the daily candle closes below this level to avoid premature stop-outs from intraday volatility.Trade Duration: This swing trade is expected to unfold over several weeks to months, depending on how quickly the price reaches the TP3 range.