✨ $HBAR briefly cleared 0.06717 with a 0.6% 24h rise—bullish shakeout or real breakout?
- my bias remains bullish here on HBAR #HBARUSDT.P 1h, as the confirmed structure is still bullish with higher highs and lows, and price respected the 0.06717 high with only a brief sweep before closing back below — classic liquidity grab in the direction of the prevailing trend 🚀
- that sweep above 0.06717 on the 15m chart is fuel for further upside, not a reversal, since the 1h trend is bullish and the event took out stop liquidity; I expect buyers to step in as long as we remain above demand
- immediate support sits at 0.06657–0.06680 (demand zone + fair value gap), which aligns with the recent impulsive wick low; this is my preferred entry area
- confirmation to look for before entering: 5–15m bullish engulfing or strong pin bar from the 0.06657–0.06680 region, or a lower timeframe market structure shift back up above 0.06706; avoid longing if price just slices through this zone without reaction
- if confirmation prints, my first target is the local resistance at 0.06853, then 0.06919 (prior supply), with further upside to 0.07065 possible if momentum persists
- protection should be placed below 0.06405 (structure flip/invalidation level) — a 1h close under that level flips the structure bearish and fully invalidates the bullish scenario
- note: this 1h uptrend is against a bearish daily/weekly and BTC trend, so I want to see strong entry confirmation and scale out at resistance; this is a counter-trend play in the larger context
- not investment advice, educational report only
- my bias remains bullish here on HBAR #HBARUSDT.P 1h, as the confirmed structure is still bullish with higher highs and lows, and price respected the 0.06717 high with only a brief sweep before closing back below — classic liquidity grab in the direction of the prevailing trend 🚀
- that sweep above 0.06717 on the 15m chart is fuel for further upside, not a reversal, since the 1h trend is bullish and the event took out stop liquidity; I expect buyers to step in as long as we remain above demand
- immediate support sits at 0.06657–0.06680 (demand zone + fair value gap), which aligns with the recent impulsive wick low; this is my preferred entry area
- confirmation to look for before entering: 5–15m bullish engulfing or strong pin bar from the 0.06657–0.06680 region, or a lower timeframe market structure shift back up above 0.06706; avoid longing if price just slices through this zone without reaction
- if confirmation prints, my first target is the local resistance at 0.06853, then 0.06919 (prior supply), with further upside to 0.07065 possible if momentum persists
- protection should be placed below 0.06405 (structure flip/invalidation level) — a 1h close under that level flips the structure bearish and fully invalidates the bullish scenario
- note: this 1h uptrend is against a bearish daily/weekly and BTC trend, so I want to see strong entry confirmation and scale out at resistance; this is a counter-trend play in the larger context
- not investment advice, educational report only