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$HBAR / $USDT | 🔴 SHORT | ⭐ 70.6%
🎯 Objective: $0.06686. Is it still falling?
🎯 Trading levels:
🟢 Entry: $0.06761
🛑 Stop Loss: $0.06806
🏁 TP1: $0.06686
🏁 TP2: $0.06671
🏁 TP3: $0.06641
📉 Analysis:
$HBAR / $USDT shows a clear bearish alignment in the multi-timeframe analysis (MTF), with a market structure consolidated below the 20, 50, and 200 EMAs, which act as dynamic resistance. The confirmation of a triple top (a bearish reversal technical pattern) and an ADX of 37.91 (indicating a trend with consolidated strength) support the selling bias, while the RSI at 36.02 (a momentum indicator suggesting weakness) confirms the lack of buying pressure.
⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1H
📐 Technical confidence: 4/5
This thesis becomes invalid if the price breaks upward the stop loss level at $0.06806, invalidating the triple top. It’s essential to watch for a break of the immediate support at $0.06716 with an increase in the volume ratio to confirm the bearish momentum toward the stated targets.
Do you think the current support at $0.06716 will be enough to stop the drop, or will we see a direct bearish continuation?
💡 This analysis is for educational purposes only and is not financial advice. Do your own research and decide calmly.
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