HBAR Macro Bullish, Yet Be Wary of Potential LTF Retracement
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Hedera Hashgraph (HBAR) is showing notable strength with historic high volumes, aligning with my previous long-term bullish outlook:
However, some pullback around the April 2024 high could be expected in the short term, although there remains potential for further upward movement earlier next week.
Should a significant retracement occur, targets could be within the 0.105-0.09 range into the 4-hour FVG, or less likely but potentially down to the previous key level of 0.06 to eliminate any FOMO, high leveraged, inexperienced or whatever exit-liquidity-for-whales longs.
My DCA from last year is around 0.05, and in hindsight, I regret not purchasing more at that price level. Hence, this analysis is admittedly influenced by my personal sentiment.
Trade attivo
Chart update.
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