Technical analysis by Expate about Symbol HBAR on 3/23/2025

Chart Analysis: ➤ 1) The price is still struggling below the major EMAs (20/50/100/200), indicating bearish pressure. ➤ 2) RSI is mumbling around the midline, showing a slight bullish pull but lacking strong momentum. ➤ 3) The recent small upward move hasn't broken the trend, and the EMAs are still positioned in a bearish sequence. ➤ 4) Volume remains relatively low, suggesting that buyers are not stepping in aggressively yet. 🐻 Bearish Scenario (Fakeout): Probability: 60%: If the price pushes above the EMA 50 (around 0.185) and gets rejected at EMA 100 or 200, we might see a sharp pullback. 💡 Entry for short: 0.187 - 0.189 ✂️ Stop Loss: 0.192 🏁 Take Profit: ➣ 0.180 - TP 1 ➣ 0.175 - TP 2 🐂 Bullish Scenario (Reversal): Probability: 40% If the price consolidates above the EMA 200 (around 0.190) with volume increasing, it could indicate a trend reversal. 💡 Entry for long: 0.192 - 0.194 ✂️ Stop Loss: 0.188 🏁 Take Profit: ➣ 0.200 - TP 1 ➣ 0.210 - TP 2 🚨 Stay awake, this setup is valid for the next 12 hrs. or until NY session. This is not a trading advice.idea is not valid anymore