HBAR · 1H · DOWNTREND
The chart tells a clean, ugly story — HBAR has been in a sustained downtrend from the mid-June highs near 0.08500, printing consistent lower highs and lower lows across the entire visible range. The most recent leg down from the July 5 bounce high around 0.07800 has been particularly aggressive, with price now pressing into the 0.06791 area — essentially at multi-week lows with no visible base forming. There's no compression, no consolidation, no sign of demand stepping in — just distribution and continuation. I'm not interested in catching this falling knife. My only interest is in the short side, and only after a dead-cat bounce gives me a better entry than current stretched levels.
SHORT SCENARIO
Confirmation
0.07000
Rejection at the 0.07000 zone on a bounce — a failed rally back to that level followed by a close back below 0.06900 confirms bearish structure and continuation.
Invalidation
0.07200
Structure invalidated on a sustained close above 0.07200, which reclaims the prior breakdown zone and shifts the lower-high sequence.
Target 1
0.06600
Next visible structural low and round-number confluence below current price.
Target 2
0.06400
Extended breakdown target with no meaningful support visible above it.
Risk/Reward
(0.07000 - 0.06600) / (0.07200 - 0.07000) = 2.0:1
Resistance: 0.07000 / 0.07500
Support: 0.06600 / 0.06400
This is not financial advice. Content is AI-generated.