I THINK $HBAR HAS MORE UPSIDE LEFT. ๐๐
HBAR is up around 6% today, but the percentage gain isnโt what caught my attention.
Hereโs what Iโm watching:
The 1H chart has started making higher lows.
Buying volume is picking up, and Futures open interest has increased roughly 8.6%.
Now price is testing an important level: $0.0890.
If HBAR breaks above that level on the 1H and holds the retest, my next upside area is $0.0924.
A stronger continuation could eventually bring $0.0952 into play.
But Iโm not ignoring the downside.
If HBAR loses $0.0864, the immediate bullish breakout setup becomes much less convincing.
The daily trend hasnโt fully reversed yet. This could still be a temporary recovery.
Iโm watching $0.0890 closely. Would you buy the breakout or wait for a pullback?
I may earn a commission from eligible trades through links in this post. This is my market analysis, not a recommendation to trade.
#HBAR #Hedera
HBAR is up around 6% today, but the percentage gain isnโt what caught my attention.
Hereโs what Iโm watching:
The 1H chart has started making higher lows.
Buying volume is picking up, and Futures open interest has increased roughly 8.6%.
Now price is testing an important level: $0.0890.
If HBAR breaks above that level on the 1H and holds the retest, my next upside area is $0.0924.
A stronger continuation could eventually bring $0.0952 into play.
But Iโm not ignoring the downside.
If HBAR loses $0.0864, the immediate bullish breakout setup becomes much less convincing.
The daily trend hasnโt fully reversed yet. This could still be a temporary recovery.
Iโm watching $0.0890 closely. Would you buy the breakout or wait for a pullback?
I may earn a commission from eligible trades through links in this post. This is my market analysis, not a recommendation to trade.
#HBAR #Hedera