**$HAEDAL /USDT – Bullish Continuation Toward $0.2419**
HAEDAL has exhibited a robust recovery following a sharp rejection at the $0.2397 level. The emergence of a bullish engulfing candle on the 1-hour chart indicates renewed buying interest, with the price reclaiming the $0.2200 support zone amid increasing volume.
Trade Setup:
Entry Zone: $0.2219 – $0.2259
Stop Loss: Below $0.2079 (key structural support)
Final Target: $0.2420 (previous high and key resistance)
Rationale: The current price action suggests a classic bullish reversal following a brief pullback, indicating a healthy continuation pattern. The volume profile and successive higher lows provide additional confirmation for potential upward movement. If the price maintains strength above $0.2260, momentum could drive it swiftly toward the $0.2420 region.
Risk Management: To mitigate risks associated with prior volatility near the $0.2398 level, limit position sizes accordingly. Consider implementing a trailing stop once the price surpasses $0.2360 to secure partial gains while allowing the position to reach the final target.
This trade setup offers a favorable reward-to-risk ratio when managed prudently. Monitor for continuation candles and breakout confirmations to validate the bullish trajectory.
