The Harmony (ONE) token is currently trading at $0.03302, showing a 10.06% gain in the last 24 hours. The price has recently been in a narrow range between $0.02992 (low) and $0.03402 (high). This indicates a consolidation pattern, suggesting that the token is consolidating within this range, with the potential for short-term moves in either direction. With a market cap of $473.1M and a 24-hour volume of $51.33M, liquidity is good for scalping trades.
Given the current range-bound action, we expect price to either break above $0.03402 for a potential upward move or reverse lower towards $0.02992. Scalping in such a range can be profitable if entered with tight stop-losses.
Trading Strategy:
Long Position:
Entry Range: $0.03310 - $0.03350
Stop-Loss (SL): ~$0.0327
Take Profit (TP): ~$0.03450 - $0.03480
Short Position:
Entry Range: $0.02992 - $0.03020
Stop-Loss (SL): ~$0.03040
Take Profit (TP): ~$0.02900 - $0.02860
🥂 Trade Now (Link in BIO)
🚨Note: Trade at your own risk. DYOR.