💥 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
I’m seeing short contracts get cleared around $0.1646, and price stayed composed instead of rolling over afterward. The reaction suggests selling effort was absorbed while participation leaned higher.
EP (Entry Price): $0.1671
TP1: $0.1738
TP2: $0.1846
TP3: $0.2019
SL (Stop Loss): $0.1582
Price is holding above the $0.164 reaction area, preserving a stable market layout.
Upward acceleration is forming as forced exits remove downward pressure from the range.
Liquidity sits overhead near $0.178 and $0.192, which often attracts price if activity remains strong.
$IMX