$HFT at a Crossroads: Breakout or Reversal?
Hashflow (HFT) is at a critical juncture, having retested the $0.0835 resistance level and forming a potential double top pattern. The next move depends on how price behaves around this key level.
Key Levels to Watch:
- *Resistance Zones*:
- $0.0835: Intraday rejection zone
- $0.0845: Breakout extension target
- *Support Zones*:
- $0.0820: Mid-support level
- $0.0810: Prior breakout base
Trade Setup:
- *Bullish Case*: If HFT holds above $0.0826, it could open room for a fresh leg upward, targeting:
- $0.0845
- $0.0860
- $0.0885
- *Bearish Case*: If price slips below $0.0810, selling pressure may accelerate, potentially driving the price down to $0.0795.
The momentum is building, and a clean break above $0.0835 with volume could trigger a fast move. Traders should keep a close eye on these key levels to determine the next direction.
