Hedera Hashgraph (HBAR), How Major Pivot Points Break. Bull Trap Still In Play!

Hedera Hashgraph (HBAR), How Major Pivot Points Break. Bull Trap Still In Play!

Major points of support or resistance don’t break lightly. Yesterday’s video talked about how the monthly close looked a little bit manufactured. We won’t be breaking $20k without a huge effort and a very large candle. The odds of this latest run being a bull trap are increasing since we have backed away without much volume. Buyers are fatigued after our run and we need a chance to reset. There are a lot of problems with bitcoin structurally that would be solved by a correction so we can only hope. The trade setup of the day is Hedera Hashgraph (HBAR). We are starting to consolidate and we also have a higher low in the books. This coin has a lot of interest and will go pretty hard when investors are convinced that we have a bottom.

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