HBAR Macro Bullish, Yet Be Wary of Potential LTF Retracement
Updated
Hedera Hashgraph (HBAR) is showing notable strength with historic high volumes, aligning with my previous long-term bullish outlook:
However, some pullback around the April 2024 high could be expected in the short term, although there remains potential for further upward movement earlier next week.
Should a significant retracement occur, targets could be within the 0.105-0.09 range into the 4-hour FVG, or less likely but potentially down to the previous key level of 0.06 to eliminate any FOMO, high leveraged, inexperienced or whatever exit-liquidity-for-whales longs.
My DCA from last year is around 0.05, and in hindsight, I regret not purchasing more at that price level. Hence, this analysis is admittedly influenced by my personal sentiment.
Trade active
Chart update.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.