- HBAR’s Breakout from Supply Zone: Recent price action broke through a key supply zone, tapping into liquidity on the 4-hour timeframe
- Bearish Scenarios Unfolding: Watch for a potential m15 structure break and retracement into a supply zone with high liquidity levels
- Risk Awareness: Markets remain unpredictable; use this analysis to guide your trading strategy but always manage risk
In our last HBAR update, we discussed its reaction to a supply zone that seemed interesting but lacked significant liquidity beneath it.
And what did it do? It broke through the supply zone, tapping into the liquidity on the 4-hour timeframe. Now, this sets the stage for a potential bearish reaction.
The key question now: could we see HBAR pivot into a downward movement?
What to Watch
Here’s my approach. I’m waiting for an m15 structure break, which is currently bullish. If this happens, it could confirm a shift in momentum.
Following that, a retracement into a supply zone near some liquidity would be a potential setup to watch.
It’s worth noting there’s a lot of liquidity sitting below the current price levels. If a bearish move unfolds, it might target those levels in the short term.
A Word of Caution
As always, remember: the market is unpredictable. Scenarios like these are possibilities, not certainties. It’s crucial to approach trading with a clear plan and risk management strategy in place.
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