Pola Symmetrical Triangle:

  1. The price is currently moving in a symmetrical triangle pattern (yellow line), which is often a signal of consolidation before a breakout.

  2. Main Resistance:

  3. The $0.30 area is a key resistance that needs to be broken to confirm a bullish breakout.

  4. Strong Support:

  5. Support is located in the $0.26 area, which is an important level to maintain bullish momentum.

  6. Breakout Occurs:

  7. Price is starting to show potential for a breakout on the upper side of the pattern, giving a strong bullish signal.

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Trading Strategy:

  1. Entry Buy:

Entry in the range of $0.29 – $0.30 if price confirms breakout.

2. Stop Loss:

Place a stop loss below $0.26 to minimize risk.

3. Take Profit:

First target: $0.35.

Second target: $0.40.

Supporting Indicators:

RSI: Watch to see if the RSI is approaching overbought; this can provide confirmation of bullish strength.

Volume: Watch for increasing volume as validation of the breakout.

Vital Records:

A breakout from the symmetrical triangle pattern can indicate a strong move up, especially if supported by significant volume. Always use good risk management and monitor market sentiment that can affect HBAR price movements.

Disclaimer: This analysis is informative and not financial advice. Be sure to do additional analysis before making any trading decisions.