Breaching upwards in a 1HR Candle-breakout is HBARUS

1 thg 12, 2024

https://www.tradingview.com/x/RpRjqKlq/

This Crypto is looking good lately and as traders turn to lesser known Crypto's that may have a better risk to reward ratio, I am talking about ones like Hedera Hashgraph that only recently got it daily 200ema to be just near price and preferably directly underneath price on a Daily chart.

Then price snaps upwards with ease because all of the EMA's are stacked correctly with 8ema at the top just below price, then directly underneath the 8 is the 13ema, directly under the 13 is the 21ema etc.

Let's look again at the breakout occurring right now on price.



Here is an historical look at price for HBARUS :

1 thg 12, 2024

Giao dịch đang hoạt động

I already have a bit of coin invested in this one HBARUS, but only as of yesterday. I'm tempted to go again. Your stop loss could go at 0.1775 which would be under the current bullish candle. But play around with that for your best RR. Now, given that it brokeout above its upper longterm trend line, price may not come back down below 0.185. With 3 weekly candles like that I would first take profit near previous ATH around 0.50 but if the bullish momentum continues (why wouldn't it), this might reach $1 pretty fast. Good luck to us.