💥 HBAR price nears breakout as inverse head and shoulders pattern forms
HBAR price is consolidating below key resistance as an inverse head and shoulders pattern develops, signaling a potential bullish breakout if the neckline resistance is cleared with volume.
HBAR ($HBAR ) price action is showing increasingly constructive behavior as the market builds a classic bullish reversal structure on the higher timeframes. After an extended corrective phase, price has stabilized and begun forming an inverse head and shoulders pattern, a formation often associated with trend reversals when confirmed
#DUSK Short-term
- Position: Light position at 0.055-0.06, add more when stabilized at 0.06
- Stop loss (core risk bottom): 0.047, exit immediately if broken, no hesitation
- Support: 0.047 (strong support/risk threshold) observe, 0.04 with increased volume for very light rebound
- Resistance: 0.073 (pressure risk point) reduce by 1/3 when encountered, look for 0.084 after stabilization
- Take profit: first target 0.073, then 0.084, sell in batches to prevent rebound risk