The market trend of
#hbar is highly likely to have reversed. I am preparing to close my long position and open a short position for the following reasons:
Reasons for closing long: The rapid increase earlier has led to a lack of market momentum now. When approaching 0.2, the momentum has clearly weakened. If it does not break through 0.2 within the five-minute level over the course of an hour, I plan to sell to preserve profits and principal.
Reasons for shorting: If it does not achieve an effective breakthrough at the five-minute level within the hour, it indicates that there is significant resistance above. At this point, one should follow the market and take a short position. If it breaks below 0.19, it can be held for a longer period, with a moving stop-loss to protect profit.
This is just a sharing and not an investment advice. If it does not break through, I will open a short position, and my stop-loss for the short position is at 0.2 (the downside potential is significant).