💥 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 ($HBAR ) price action is showing increasingly constructive behavior as the market builds a classic bullish reversal structure on the higher timeframes. After an extended corrective phase, price has stabilized and begun forming an inverse head and shoulders pattern, a formation often associated with trend reversals when confirmed
Bitcoin dipped to a low of 59,800 in the morning and stopped falling, then sharply rebounded to around 65,969, briefly bouncing over 6,000 points. The rebound is not a reversal; still keep a bearish outlook! It is recommended to short around 64,500 to 65,000, with targets at 63,000, 61,000, and 59,000.
The above is just personal opinion. Investment involves risks; please trade cautiously!$BTC