HBARUSD BUY (RRR 1:3,85)Hello,
Here's a concise update based on our latest technical analysis chart:
Liquidity Sweep
We've seen a liquidity sweep, where the price dipped to clear out stop-loss orders, gathering liquidity for a potential upward move.
Broken Downtrend
The downtrend has been broken, suggesting a possible shift in market sentiment from bearish to bullish.
Volume Increase
There's an increase in volume, indicating heightened trading activity and interest at these levels.
Identified Buy Zones
We've identified three key buy zones:
Buy Zone 0: New entry point based on current analysis.
Buy Zone 1: Above the downtrend break, signaling a potential entry for reversal trades.
Buy Zone 2: Above the weekly Fair Value Gap (FVG), providing another strategic entry point.
Fibonacci Retracement
The Fibonacci retracement levels (61.8% - 78.6%) are marked, often used to identify potential reversal points.
Rejection Point
A rejection at a specific level indicates strong resistance, useful for setting stop-loss orders and managing risk.
Target Price
A target price is identified, offering a potential exit point to capture gains from the expected upward move.