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HBAR's recent performance is worth paying attention to. The current price hovers around 0.12797, a slight retracement of 0.04% from the trend initiation point. From the chart, the bullish pattern is still ongoing, with 2 candlesticks formed so far.
From a trading perspective, set the tracking line at 0.12699, which can serve as a reference for a dynamic stop-loss — this is very important.
Support levels are sequentially at 0.12446, 0.12232, and 0.11967; resistance levels above are at 0.12809 and 0.12887. The resistance at 0.12809 is relatively tight.
The idea is simple: as long as the price stays above the trend line and is supported, you can look for opportunities around 0.12699 to participate, betting on the bulls to continue pushing higher. The stop-loss must be strictly placed below the tracking line, and the target is set at the resistance levels above.
The risk to watch out for is — if the price breaks below the trend initiation price and loses the dynamic support at 0.12699, this upward structure may become invalid. At that point, be cautious of a sideways consolidation. In summary, always stay alert to changes in the pattern.