$HANA : BEARISH REJECTION AT CRITICAL RESISTANCE📉👊
TECHNICAL ANALYSIS
The current chart structure for $HANA indicates a significant struggle to maintain bullish momentum. After a sharp impulsive move, the price has encountered a heavy supply zone near the 0.02855 level. This area is acting as a strong psychological and technical ceiling, characterized by a visible rejection in the recent candles.
A bearish "Double Top" or "Lower High" formation appears to be developing on the lower timeframes, suggesting that the buyers are exhausted. The failure to flip the 0.02764 level into support confirms that the path of least resistance is now tilted to the downside. We anticipate a correction toward the previous liquidity pools to neutralize the overextended move.
TRADE EXECUTION PARAMETERS (SHORT)
* ENTRY ZONE: 0.02740 – 0.02760
* STOP LOSS (SL): 0.02855 (Above recent swing high)
* TARGET 1 (TP1): 0.02600
* TARGET 2 (TP2): 0.02500
* TARGET 3 (TP3): 0.02407 (Major structural support)
RISK MANAGEMENT
Always trade with capital you can afford to lose. For this setup, it is highly recommended to use a maximum of 2% to 3% total account risk. Use 3x to 5x leverage to maintain a healthy margin of safety. If the price reaches TP1, move your Stop Loss to the entry point to secure a risk-free trade.
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