$HBAR: Plenty of movement, but no clear direction yet
Short-term outlook is bullish, provided the pullback holds support. The latest candle just closed with a noticeable jump in volume, but price still hasn’t broken out of the range. There’s plenty of activity, but chasing the move may not feel comfortable. The latest quote has slipped back below the close, so whether this pullback can hold matters more than how quickly price moves up.
Only go long if support holds. If price breaks below it and fails to recover, drop the bullish view. Next, watch the close after the retest and see whether it can stay above support.
Keep one level in mind: 0.08859. If it holds, the next target is 0.0908293; if it doesn’t, place a stop-loss near 0.0874704.
#TrendTrading
Short-term outlook is bullish, provided the pullback holds support. The latest candle just closed with a noticeable jump in volume, but price still hasn’t broken out of the range. There’s plenty of activity, but chasing the move may not feel comfortable. The latest quote has slipped back below the close, so whether this pullback can hold matters more than how quickly price moves up.
Only go long if support holds. If price breaks below it and fails to recover, drop the bullish view. Next, watch the close after the retest and see whether it can stay above support.
Keep one level in mind: 0.08859. If it holds, the next target is 0.0908293; if it doesn’t, place a stop-loss near 0.0874704.
#TrendTrading