$HBAR Bearish Rejection, Possible Short Sell opportunity.
$HBAR has put in an aggressive impulse rally on the 4-hour chart, hitting a high near $0.1307 before encountering heavy selling pressure.
Looking closely at the lower-timeframe structure and technical indicators, we are seeing signs of temporary buyer exhaustion.
The price spiked into the $0.1307 – $0.1327 resistance zone and got rejected forming a long upper wick (shooting star candle).
This indicates strong profit-taking and seller absorption at the local top.
Entering a short position now and aiming at that immediate upport or ema (7) is a good idea👍💡
#SHORT📉 TRADE SETUP;
Pair;$HBAR
entry zone;Current Price / Rejection Area (~$0.1200 - $0.1220)
Stop loss;Above local rejection wick high @ $0.1310 - $0.1328
Take profit;Retest of EMA 7 @ $0.1120
Note; Not financial advise though, Am not responsible for your losses.
#Hbar #TradingCommunity
#UKFCAWinsCourtOrderToRecover851400Pounds
$HBAR has put in an aggressive impulse rally on the 4-hour chart, hitting a high near $0.1307 before encountering heavy selling pressure.
Looking closely at the lower-timeframe structure and technical indicators, we are seeing signs of temporary buyer exhaustion.
The price spiked into the $0.1307 – $0.1327 resistance zone and got rejected forming a long upper wick (shooting star candle).
This indicates strong profit-taking and seller absorption at the local top.
Entering a short position now and aiming at that immediate upport or ema (7) is a good idea👍💡
#SHORT📉 TRADE SETUP;
Pair;$HBAR
entry zone;Current Price / Rejection Area (~$0.1200 - $0.1220)
Stop loss;Above local rejection wick high @ $0.1310 - $0.1328
Take profit;Retest of EMA 7 @ $0.1120
Note; Not financial advise though, Am not responsible for your losses.
#Hbar #TradingCommunity
#UKFCAWinsCourtOrderToRecover851400Pounds
