Cryptocurrency HBAR (Hedera Hasgrash) Very Bearish
Updated
A short strategy for cryptocurrency HBAR (Hedera Hasgraph) which has tested support multiple times and might break down at any time.
A descending Triangle also being formed at 4H timeframe and support on 1H and 30 mins candle. Triangular descending is a strong pattern and results in break down.
It has also consolidated well within range in the last 2 days.
50-EMA and 200 EMA also giving resistance consistantly.
Do not place a tight stop loss as it might come back for a Retest and then rally down. You can even shot at trend line resistance
Trade well and mitigate risk properly :)
A descending Triangle also being formed at 4H timeframe and support on 1H and 30 mins candle. Triangular descending is a strong pattern and results in break down.
It has also consolidated well within range in the last 2 days.
50-EMA and 200 EMA also giving resistance consistantly.
Do not place a tight stop loss as it might come back for a Retest and then rally down. You can even shot at trend line resistance
Trade well and mitigate risk properly :)
Trade closed: target reached
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