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HBAR Short Trade to Hedge the Moon bag

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scaredycatguide
@scaredycatguide
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Couple weeks ago I jumped into HBAR to have some exposure to something different. Luckily I caught it when it was only 1/3 into its moonshot to roughly 60 cents.

However, when it blasted through the prior all time highs a went vertical being stretched far from the 10 day moving average I decided a pullback was in order.

Not wanting to sell any, I decided to put on a short on 20% of my position with a downside target of the prior highs around 42 cents. I entered at roughly 52 cents and got filled when price spiked down to 41. Cha-

I cover the chart analysis in this video...

HBAR Testing Prior Highs as Support...

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