💥 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
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Strong uptrend holding above the MA10 on the hourly. Cooling off after a big pump, looking for a higher low. Momentum remains positive.
• Entry Zone: 0.00103 - 0.00106
• TP1: 0.00114
• TP2: 0.00122
• TP3: 0.00128
• Stop-Loss: 0.00094
Support at MA10 0.0010339 and the previous consolidation. Resistance at the 24h high 0.0012828. Break above that opens up new highs.
#1 #WhenWillBTCRebound?