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

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: @TradingOn

$HBAR #HBARUSDT #Hedera #Hashgraph

Comment:

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

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.

Comment:

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

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.