💥 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
‼️First order⬇️
‼️Direction: Short (CPI bullish, aiming for stability tonight, second position)
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Around 69,250 - 69,550, stop loss at 70,950
Around 2,030 - 2,050, stop loss at 2,100
Profit: 67,500//65,800//64,500
Profit: 1,965//1,905//1,845
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Around 72,850 - 73,150, stop loss at 74,550
Around 2,150 - 2,170, stop loss at 2,220
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