💥 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
China 🇨🇳 Time: February 13th, 16:17, ETH Strategy
The overall trend is still bearish, go with the flow
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Breaks above resistance but can't go higher: continue to rise and test the next resistance level
Breaks below support but can't go lower: continue to fall and test the next support level
【Pin insertion to sweep liquidity. Not considered a breakout or breakdown】
Recommended short: 1955—1975 (36% probability of breakout)
First resistance: 1995—2015
↕↔↕
First support: 1880—1900 (65% probability of breakdown)
Second support: 1800—1820
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