Short & Long Setup for H-Bar
Hey everyone,
It looks like H-Bar couldn't sustain its upward momentum despite having all the right conditions in place. With Bitcoin's recent drop, H-Bar also lost its support level.
Over the past few months, H-Bar's price movements have been driven purely by user activity—buying and selling—without any noticeable support or intervention from market makers to push the price higher.
It seems the price may need to dip further to attract Smart Money, and we could see a significant movement once news or key events create the right conditions.
Just a friendly reminder: this isn't financial advice, so please make your decisions responsibly! 😊
It looks like H-Bar couldn't sustain its upward momentum despite having all the right conditions in place. With Bitcoin's recent drop, H-Bar also lost its support level.
Over the past few months, H-Bar's price movements have been driven purely by user activity—buying and selling—without any noticeable support or intervention from market makers to push the price higher.
It seems the price may need to dip further to attract Smart Money, and we could see a significant movement once news or key events create the right conditions.
Just a friendly reminder: this isn't financial advice, so please make your decisions responsibly! 😊
Order cancelled
I decided to close the short position with a small profit
Because I believe that Bitcoin can return to the 98k area with the divergence it has in the RSI and this will cause the H-bar to move up and activate our stop.
I also bought a third of my cash H-bar in these areas
Good luck
Note
I decided to close the short position with a small profit
Because I believe that Bitcoin can return to the 98k area with the divergence it has in the RSI and this will cause the H-bar to move up and activate our stop.
I also bought a third of my cash H-bar in these areas
Good luck
Note
I had shorted this position 2X Leverage and exited with a 13% profit.
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.
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.