HBAR-Genuine break and 100% rise?

20 Feb

HBARUSDT is a coin that I've been closely monitoring this year, awaiting a buy confirmation. As depicted on the chart, after experiencing a more than 90% drop from its peak, the price began consolidating and has now formed a clear resistance in the 0.10 zone. This significant resistance was finally breached yesterday, and if it proves to be genuine, we could anticipate a rise to the next resistance level, which is approximately at 0.2, indicating a potential 100% increase.

Today, the price is undergoing a normal correction, presenting a potential buying opportunity. Considering a stop loss of around 0.085, such a trade would offer a risk-to-reward ratio of 1:4.