💥 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 ($HBAR ) price action is showing increasingly constructive behavior as the market builds a classic bullish reversal structure on the higher timeframes. After an extended corrective phase, price has stabilized and begun forming an inverse head and shoulders pattern, a formation often associated with trend reversals when confirmed
Focus on buying during pullbacks: in the short term, it is advisable to act cautiously, using corrections to build positions; in the long-term horizon, the strategy remains bullish with a target above 95,000 USDT.$BTC
Short-term plan: Buy 📈
Entry: 87,500 USDT (30% of the position)
Stop-loss: 85,000 USDT
Target/Take-profit: 92,000 USDT
Medium-term plan: Buy 📈
Entry: 86,000 USDT (50% of the position)
Stop-loss: 83,500 USDT
Target/Take-profit: 96,000 USDT