$HBAR/USDT 8h (#Bybit) Bear flag breakdown and retest

Mar 21, 2023

Hedera Hashgraph lost 100EMA support and is pulling back to it, bearish continuation seems likely after.

⚡️⚡️ #HBAR/USDT ⚡️⚡️
Exchanges: Binance Futures, ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (2.7X)
Amount: 5.1%

Current Price:
0.06247

Entry Zone:
0.06327 - 0.06769

Take-Profit Targets:
1) 0.05406
2) 0.04547
3) 0.03687

Stop Targets:
1) 0.07503

Published By: @Zblaba

HBAR #HBARUSDT #Hedera #Hashgraph

Mar 21, 2023

Note

Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +47.1% | +82.5% | +118.0%
Possible Loss= -39.4%
Estimated Gaintime= 3-4 weeks

Apr 1, 2023

Trade closed: stop reached

SL hit with -39.4% (2.7x) and -1.0R

Hedera started going down but reversed bullish before target then went for our Stop after regaining 100EMA support.

Jun 20, 2023

Note

HBAR broke down in the end, forming an evening star below 100EMA on 2D TF

Jun 20, 2023

Trade closed: target reached

HBAR would have almost hit final target after all, congrats if you were still shorting!
Now bouncing back but too early to call for a true bullish breakout, worth keeping an eye on it though.