HBARUSDT another breakout ahead?
Updated
Falling Wedge Breakout: HBARUSDT has recently experienced a breakout from a falling wedge pattern. A falling wedge is characterized by a narrowing price range between two converging trendlines. A breakout from this pattern is generally seen as a bullish signal, indicating a potential reversal of the prior downtrend.
False Breakout Confirmation: You mentioned that there was a clear false breakout from the $0.4 level, and this was correctly indicated in your VIP group. A false breakout occurs when the price temporarily moves beyond a key level but then quickly reverses back into the pattern. It's great that your analysis identified this occurrence.
New Breakout Potential: Now, you anticipate that the market might grab new liquidity to potentially create a new breakout from the $0.07 area. This indicates that the price might experience a move to attract more buying interest or selling pressure around this specific price level.
Plancton's Rules Application: According to Plancton's Rules, you suggest a new long position if the price indeed undergoes a breakout from the $0.07 area. A long position involves buying the asset with the expectation that its price will rise, in line with the potential bullish momentum indicated by the breakout.
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Follow the Shrimp 🦐
Keep in mind.
False Breakout Confirmation: You mentioned that there was a clear false breakout from the $0.4 level, and this was correctly indicated in your VIP group. A false breakout occurs when the price temporarily moves beyond a key level but then quickly reverses back into the pattern. It's great that your analysis identified this occurrence.
New Breakout Potential: Now, you anticipate that the market might grab new liquidity to potentially create a new breakout from the $0.07 area. This indicates that the price might experience a move to attract more buying interest or selling pressure around this specific price level.
Plancton's Rules Application: According to Plancton's Rules, you suggest a new long position if the price indeed undergoes a breakout from the $0.07 area. A long position involves buying the asset with the expectation that its price will rise, in line with the potential bullish momentum indicated by the breakout.
–––––
Follow the Shrimp 🦐
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
- ⚫️ Black structure -> <= 1h structure.
Note
32% 
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