For now, let's sell HBAR. If it tests the low again, I will still consider entering.
The reasons are as follows:
Just this afternoon and evening, I took a stroll around the square and found many saying that something big is coming, the reason being that another billion USDT was issued. There are also some bloggers who are frequently active in the square who have re-entered various altcoins. I think this is a very dangerous signal. Currently, it is advisable to buy strong coins like HBAR, while I believe that most other coins are not suitable for investment.
Many people saw the long lower shadow candlestick from the day before yesterday and felt that it bottomed out, and a major rebound was coming. However, it is just a high 1 candlestick after all, and to rise, there must at least be a bottoming process. During this bottoming process, can you be sure that the altcoins you bought can hold up? It should be noted that ETH has not only not reached high 1 at its current position, but it hasn't even seen a single bullish candlestick.
ETH 1D On the HBAR 1H chart, we can see two horizontal adjustments yesterday, and today it appears as a bull flag. The rebound has not yet tested the previous high of 0.265, which seems a bit weak. This may be due to the weekend, but at least it leans towards making a complex adjustment. It is more conservative to wait and observe for now.
HBAR 1H
