HANA

COIN :$HANA .The 4-hour timeframe shows a persistent downtrend, with price grinding lower and recently breaking below previous consolidation support near $0.048. The path of least resistance is clearly downwards.
The 1-hour chart confirms this aggressive bearish momentum. We see consistent lower lows and lower highs, indicating sellers are firmly in control. Price recently experienced another sharp drop, finding a temporary low around the $0.042 level.
Now, looking at the 15-minute and 5-minute charts, we can see the price action after hitting that low. HANA is currently attempting a weak, low-volume bounce, consolidating in what looks like another bear flag pattern around the $0.045 level. This type of consolidation after a steep decline typically signals a continuation of the downtrend. Volume is notably weak on this bounce, suggesting a lack of genuine buying interest.
Outlook:
The higher timeframe trend is strongly bearish. The current lower timeframe price action is forming a classic bear flag, suggesting the recent bounce is merely corrective. The highest probability outcome is a breakdown below the current flag support (~$0.044) leading to a retest, and likely break, of the $0.042 lows.
Recommendation:
The technical picture overwhelmingly favors sellers.
A SHORT remains the high-probability trade direction, aligning with the dominant downtrend and the current bear flag pattern. Entering near the flag's resistance (~$0.0455) or waiting for a confirmed breakdown below the flag's support (~$0.044) are viable strategies.A LONG is strongly discouraged. Fighting this downtrend and bearish pattern is extremely high-risk. Avoid longs until a clear, confirmed bottoming pattern forms, likely at lower price levels.
Continuing to look for short entries on bounces or breakdowns is the recommended approach

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