Let me share my thoughts 😊
Hbar is currently in a consolidation range on the 15-minute chart, fluctuating between 0.16900 and 0.17150, with a total height of about 1.2%. If you buy low and sell high within this range, it might work out fine. If you're scalping, there could be 3-5 times the transaction fee profit, and if you can move quickly between the upper and lower bounds, the gains could be quite considerable 🤔
On the 1-hour chart, it is in a wide channel. Currently, the lower edge of the 15-minute consolidation is just near the trend line. It seems there are several support levels near the lower edge; if support is gained as expected, buying at the bottom would be a good choice 📈
As it stands, the likelihood of an upward movement seems greater than the possibility of a downward breakout.
If a downward breakout occurs, the stop-loss at this position would be a bit larger. You can participate with a small position, but if it truly breaks out, it would be better to participate during the rebound at the breakout point.
In summary, I currently lean towards buying after gaining support at the bottom, with a relatively small stop-loss and a chance to reach the upper edge of the consolidation range 💰
