đ $HBAR
SHORT SETUP đ
HBAR has been sliding from the $0.10670 area in a steady downtrend, dipped to $0.08717, then bounced and flattened into a tight range right under its falling 99 MA. Price is now squeezed against all three MAs and starting to tick lower. Iâm watching for a short on a push up into the 99 MA resistance, not chasing the current candle. đ
Entry: $0.09240 â $0.09290
TP1: $0.09130
TP2: $0.09020
TP3: $0.08850
SL: $0.09400
đ» Why HBAR is on watch:
Price ($0.09186) is sitting just under the 25 MA ($0.09228) and the 99 MA ($0.09232), with the 7 MA ($0.09166) right below price. The 99 MA has been sloping down for the whole move and is capping every bounce The structure shows lower highs since the $0.10670 peak, and the recovery from $0.08717 has stalled at the falling 99 MA, so the bounce looks corrective inside a downtrend The last candles are tiny with thin volume, a sign of compression and no real buyer conviction at resistance The $0.09100 to $0.09130 area is the first support, with the $0.08717 low well below it. A 1H close under $0.09100 would confirm sellers are taking over
â ïž The MAs are extremely compressed, so a breakout can go either way. A clean 1H close above $0.09400 would invalidate the setup and flip the bias. Respect the stop and donât chase if price doesnât reach the entry zone.
Not financial advice. DYOR.
đ Follow CoinDispatch for more daily trade setups and market updates!
SHORT SETUP đ
HBAR has been sliding from the $0.10670 area in a steady downtrend, dipped to $0.08717, then bounced and flattened into a tight range right under its falling 99 MA. Price is now squeezed against all three MAs and starting to tick lower. Iâm watching for a short on a push up into the 99 MA resistance, not chasing the current candle. đ
Entry: $0.09240 â $0.09290
TP1: $0.09130
TP2: $0.09020
TP3: $0.08850
SL: $0.09400
đ» Why HBAR is on watch:
Price ($0.09186) is sitting just under the 25 MA ($0.09228) and the 99 MA ($0.09232), with the 7 MA ($0.09166) right below price. The 99 MA has been sloping down for the whole move and is capping every bounce The structure shows lower highs since the $0.10670 peak, and the recovery from $0.08717 has stalled at the falling 99 MA, so the bounce looks corrective inside a downtrend The last candles are tiny with thin volume, a sign of compression and no real buyer conviction at resistance The $0.09100 to $0.09130 area is the first support, with the $0.08717 low well below it. A 1H close under $0.09100 would confirm sellers are taking over
â ïž The MAs are extremely compressed, so a breakout can go either way. A clean 1H close above $0.09400 would invalidate the setup and flip the bias. Respect the stop and donât chase if price doesnât reach the entry zone.
Not financial advice. DYOR.
đ Follow CoinDispatch for more daily trade setups and market updates!