💥 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
BTC Short-term Trading:
Entry Price - $66,800 to $67,800
Current Price - $66,800
Trade Type - Short
Target Prices - $66,500, $66,000, $65,500, $65,000, $64,500, $64,000, $63,700
Stop Loss (SL) - $71,300
Disclaimer (This is my personal analysis for educational purposes. Buying and selling involve risks that you must bear yourself. I am not a financial advisor.)