My first, small stake attempt at $HBAR long entry has been a bit premature as the Pennant's breakout has NOT been confirmed.

$HBAR breaking out to the upside from this Bullish Pennant!? Dont rush into it like a headless chicken. Lets have a look at the Daily first:

Key Observations & Strategy

Bullish Pennant Formation:

Flagpole targets $0.66 upon breakout above $0.335 resistance (Rectangle top, so a double chart pattern here).

Market Structure: Higher lows since November, confirming bullish momentum.

Key Supports:

$0.262 (50% Fib): Primary dip-buying zone.
$0.231 (61.8% Fib): Strong secondary support for deeper retracements.

Volume & Momentum:

Current breakout attempts lack volume confirmation. So far.

RSI trending neutral at 59, needs a nice spiky push above 60 to confirm bullish strength.

Resistance Zones:

Immediate at $0.314 (Pennant's breakout level AND the main horizontal s/r level), and then to confirm the upward move: $0.335 (rectangle top).

Strategy:

Breakout Entry: Enter on confirmed breakout above $0.335 with high volume and RSI > 60. Target $0.50, then $0.66.

Retest Entry: Accumulate near $0.262-$0.231 if price retraces. Watch for reversal patterns like bullish engulfing.

Stop-Loss: Below $0.27 (or after breaking down from Pennant and closing below) to avoid noise.

Volume Monitoring: Confirm breakout strength or accumulation at supports.

Final Note: Patience is key—track $BTC and $ETH sentiment for broader confirmation. High-probability setup for bullish continuation if volume confirms.