$HAEDAL Chart Watch: Stabilization Zone or Further Downside? 📉👀
The 4H chart for $HAEDAL shows the price attempting to find a floor after a significant downtrend. Currently trading around 0.0595, the market has entered a consolidation phase, pausing the aggressive selling momentum seen earlier this week.
Key Technical Levels: 🚧 Resistance: The immediate hurdle is at 0.0620. Reclaiming this level is essential to confirm a local bottom and potentially target the previous breakdown zone at 0.0660. 🛡️ Support: The critical defense line sits at 0.0570 - 0.0580. This zone must hold; losing it would likely trigger a continuation of the bearish trend to new lows.
Trading Setup: We are currently in a "wait-and-see" zone.
Bullish Case: Wait for a clean break above 0.0620.
Bearish Case: Watch for a rejection or a breakdown below 0.0570.
