$H
didn’t break down loudly it snapped fast and caught people off guard. Support looked stable, confidence built, and then price slipped just enough to flip the switch. A $1.25K long liquidation fired at 0.16374, clearing out traders who were leaning too hard on continuation. That kind of move usually isn’t random; it’s the market reminding everyone where the real pressure sits.
The rejection was sharp and decisive, which leaves H under a short-term bearish shadow. While price stays below that liquidation level, upside attempts are suspect and likely to fade. The idea here is simple and controlled: lean short near 0.16620, look for follow-through toward 0.15880, and step aside if price reclaims above 0.16950.
Right now this chart rewards patience, not optimism. Until support is taken back with conviction, rallies are just opportunities for the market to breathe before choosing its next direction.
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