🔴 $HBAR at the peak of madness: Dangerous overbuying or fuel for shorts?
Listen, my hand practically begs me to press the “Sell” button!
📉 I look at this chart $HBAR and I see a classic vertical pump: +20% in a day, a local high at 0.11500, and an absolutely insane RSI(6) that has rocketed to 89.6!
🔥 Sounds like the perfect short entry. But don’t rush to feed the market! Going against this battering ram without clear confirmation of a reversal is a lottery. Trading volume (over 547 million HBAR) shows that buyers are stronger than ever. Bears that tried to jump into a short a bit earlier are likely closing out their positions at stops right now, creating additional fuel for the move up (short squeeze).
Personally, I’m waiting for a reversal pattern to form on lower timeframes—or at least for the first confident red candle with volume confirmed on the sell side.
Jumping onto the departing uptrend train is a taboo.
Who already took the risk and opened a short? Share your stop-loss levels in the comments! 👇
$HBAR #Binance #AlenDrop
Listen, my hand practically begs me to press the “Sell” button!
📉 I look at this chart $HBAR and I see a classic vertical pump: +20% in a day, a local high at 0.11500, and an absolutely insane RSI(6) that has rocketed to 89.6!
🔥 Sounds like the perfect short entry. But don’t rush to feed the market! Going against this battering ram without clear confirmation of a reversal is a lottery. Trading volume (over 547 million HBAR) shows that buyers are stronger than ever. Bears that tried to jump into a short a bit earlier are likely closing out their positions at stops right now, creating additional fuel for the move up (short squeeze).
Personally, I’m waiting for a reversal pattern to form on lower timeframes—or at least for the first confident red candle with volume confirmed on the sell side.
Jumping onto the departing uptrend train is a taboo.
Who already took the risk and opened a short? Share your stop-loss levels in the comments! 👇
$HBAR #Binance #AlenDrop