📈 Long Signal - $HANA - Trading Based on the Technical Bottom Bounce
Entry : 0.02900 - 0.02955 USDT
✅️ TP1 : 0.029850 USDT
✅️ TP2 : 0.03100 USDT
❌ SL : 0.02800 USDT
Why Long?
1️⃣. The "Wipeout" structure is complete: After correcting from the peak of 0.034, HANA has continuously created long wick candles at the range of 0.0283 - 0.0287. The most recent 1H candle has closed strongly green again from the local bottom area, indicating that the supply pressure here has been completely absorbed by the waiting demand.
2️⃣. Positive divergence on 15M: Observing the short time frame (15M), the price continuously holds above the level of 0.029 after establishing a higher low. Trading volume has started to show signs of improvement in the bullish candles, confirming that the money flow is quietly returning to push the price up.
3️⃣. Steel support zone on 4H: On the 4H frame, the level of 0.0285 - 0.0290 acts as a very strong support zone (previously was resistance that has been broken). The successful re-test of this zone with decreasing volume during the downtrend is a very good signal to open a Long position to catch the bounce wave.
4️⃣. Billion-dollar money flow: With a 24h trading volume maintained at around ~1.4 billion USD, $HANA is the focal point attracting liquidity. The recent adjustment is just a necessary phase to lighten the ship before heading towards the Fibonacci levels above at the range of 0.031 - 0.033.
Trade $HANA by clicking on the chart below 👇
