📈Situation:
HBAR made a false breakout from the triangle, volumes over the last day increased by 540 million, confirming the strength of the bullish trend. We are preparing for the figure to play out and movement towards target levels.
📈Trading Plan:
• Target — height of the triangle, with a focus on the Fibonacci level 3.618.
• Exit levels are clearly defined to not miss potential growth.
‼️Risks:
• Set the stop-loss behind the trend line, protecting the position from possible decline.
• Risk-to-reward ratio of 1:6 🚀provides a good probability of a profitable trade.
📈Expectations:
HBAR maintains a confident trend. The breakout from the triangle with such volumes gives reason to assume further growth towards established targets.
📈Conclusion:
The position looks promising for realizing the potential of the figure, and proper risk management makes the trade optimal.