💥 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
It broke through in the afternoon of 1950, and it can hold after retesting. Indicators are also rising, but the main concern is trap trading. Remember to set good stop-losses when going long, and take profits when the position looks good. The current mindset remains unchanged, mainly focusing on shorting at high levels. The resistance level above is around 2000, with a stop-loss at 2035. The target levels are 1950-1930-1880.