🟢 HBAR/USDT Long Setup 🟢
🔹 Entry: 0.181
🔹 Take Profit: 0.273
🔹 Stop Loss: 0.16
🔹 Risk/Reward: ~4.3R
🎯 Idea:
HBAR is sitting at a key support level, showing signs of accumulation with multiple daily candle wicks rejecting the lower zones. The EMAs are stacked bearishly, but price is consolidating at a long-term demand zone, increasing the probability of a breakout.
⚡️ Bullish Triggers:
1️⃣ Multiple rejections of the 0.18 zone suggest strong demand.
2️⃣ Volume profile hints at absorption—sellers are getting exhausted.
3️⃣ A move above 0.196 could trigger momentum buyers, confirming the uptrend.
⚠️ Bearish Risks:
If BTC dumps, alts will likely follow.
Breakdown below 0.17 invalidates the setup.
Lack of volume could result in a slow grind rather than a clean breakout.
📌 Plan:
If price gains strength above 0.196, I might look to add more.
If we struggle to hold above 0.20, I’ll watch for weakness and consider trailing SL.
A clean break of 0.22 could accelerate the move towards TP.
Fingers crossed! Let's see how this plays out. 🚀
🔹 Entry: 0.181
🔹 Take Profit: 0.273
🔹 Stop Loss: 0.16
🔹 Risk/Reward: ~4.3R
🎯 Idea:
HBAR is sitting at a key support level, showing signs of accumulation with multiple daily candle wicks rejecting the lower zones. The EMAs are stacked bearishly, but price is consolidating at a long-term demand zone, increasing the probability of a breakout.
⚡️ Bullish Triggers:
1️⃣ Multiple rejections of the 0.18 zone suggest strong demand.
2️⃣ Volume profile hints at absorption—sellers are getting exhausted.
3️⃣ A move above 0.196 could trigger momentum buyers, confirming the uptrend.
⚠️ Bearish Risks:
If BTC dumps, alts will likely follow.
Breakdown below 0.17 invalidates the setup.
Lack of volume could result in a slow grind rather than a clean breakout.
📌 Plan:
If price gains strength above 0.196, I might look to add more.
If we struggle to hold above 0.20, I’ll watch for weakness and consider trailing SL.
A clean break of 0.22 could accelerate the move towards TP.
Fingers crossed! Let's see how this plays out. 🚀
Trade active
Okaaay, let's go!Trade closed: stop reached
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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.