💥 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
Current Pattern: ETH price at 1,946.94, experiencing weak oscillation in a downtrend, with a 24-hour volatility of approximately 5.7%. EMA144/169 moving averages form strong resistance, and the MACD golden cross provides slight rebound momentum.
Core Strategies:
- Short-term Long Attempt: Enter lightly in the 1,920-1,930 range, with a stop loss at 1,890, and initially target the 1,980 resistance.
- Rebound Shorting: If the price rebounds to the 1,980-2,000 range and faces resistance, follow the trend and go short, with a stop loss at 2,010, aiming to revisit below 1,900.
- Mid-term Wait-and-See: Until the EMA144 moving average at 2,019 is effectively broken, the trend remains bearish, so be cautious with bottom fishing.
Risk Control Bottom Line: Strictly set stop losses, with a single position not exceeding 5% of total funds, to avoid heavy betting.#Gate广场发帖领五万美金红包