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Hakausdt Trading idea

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KUCOIN:HAKAUSDT   TribeOne / Tether
HAKAUSDT has recently broken out from a major downtrend as shown on the chart, indicating a potential bullish trend for the coin. This breakout can serve as a significant signal for us to scout at the market, and right now price is heading for major pullback.

We should consider the buy-back zone as an important accumulation zone, where the price of the coin is expected to reverse back up from the downtrend and start moving up again. This zone serves as a potential entry point.

Furthermore, we should keep an eye on the major supply zone as a potential pattern target for HAKAUSDT. This supply zone represents an area where sellers may be present, causing resistance for the price of the coin. However, if the price manages to break through this resistance, it may indicate further bullish momentum.

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Keep your attention to the previous low of the coin, with this we can have potential double bottom, but failure of price to hold this level will resulted into further deep towards the target shown on the chart.


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