🚨 Urgent $HBAR Update🚨
Awesome Structure for a Short-Term Rally 📈
🔹 Breakout Analysis:
Adam & Eve Accumulation:
Recently, we've witnessed a classic Adam & Eve accumulation pattern breakout on the weekly chart. This is a strong bullish signal indicating potential upward momentum.
🔹Support and EMA Confluence:
Positive Retest: The price has positively retested the confluence of the 0.0875$ support zone.
EMA 50 + EMA 100:
Both the EMA 50 and EMA 100 are aligning perfectly, further solidifying this support zone as a strong foundation for a potential rally.
Trade Strategy:
🔸 Target Price (TP):
🎯 0.2$: This is the projected target price for the current setup. Based on the breakout and support confluence, reaching 0.2$ is a feasible goal.
🔸 Wallet Allocation:
5-10% of Wallet Size:
To manage risk effectively, allocate only 5-10% of your wallet size for this trade, whether you're trading in futures or spot markets.
Important Notes:
🔹 Swing Trade Setup:
This strategy is designed for swing traders. It involves holding the asset for several days or weeks to capture the anticipated price move.
Not for Scalpers:
This setup is not intended for scalping, which involves very short-term trades with quick entries and exits.
🚀 Happy Trading! 🚀
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