🐂
$HAEDAL is in a bullish pullback right now, kinda consolidating after that recent surge – feels like a healthy breather before the next move.
Looking at the charts, volume went nuts with a 43.5M spike during the pump up to 0.04799, but it's tapered off in the pullback, which is classic profit-taking from folks cashing in.
Capital flows are mixed – net outflows pretty much everywhere short-term, like -327K USDT in 24h, pointing to big institutions distributing. But hey, the 7d spot flow flipped positive at +117K, so maybe some smart money's accumulating on the dip.
Overall, I'm thinking cautious long
$HAEDAL here, maybe DCA in to play it safe.
Best entry spots: Around 0.0405-0.0410 where Support lines up with the MA120, or lower at 0.0385 on S2 support for stronger entry
Stop loss about 3.5% below your entry
Targets
$HAEDAL : TP1 at 0.044 (hitting the upper Bollinger), then TP2 at 0.047 (retesting that recent high).
Short-term indicators are flashing overbought, so yeah, a correction makes sense, but the bigger picture's still bullish – price holding above MA120, MACD positive, and that spot accumulation. The 5.64% gain in 24h probably needs time to settle, but the trend on higher timeframes looks solid.
RSI's at extremes and those contract outflows could shake things up. I'd wait for some confirmation at those supports before jumping in. Anyone else eyeing HAEDAL? What's your take?
#Haedal #HaedalUsdt #HaedalProtocol