💥 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
August 28th
Short-term double bottom______ within 10 points up or down
Short near 1.3050, stop loss at 1.3080
Long near 2.2910, stop loss at 2.2880
Stand firm at 3.080, chase long,
Break below 2.880 to short, stop loss at 2.910
Stand firm at 2.980, chase long, stop loss at 2.960
Break below 2.960 to short, stop loss at 2.985
Light position with a 30-point buffer, take profit at 30-50 points, those with a broader view can reduce holdings or set trailing stops
Personal suggestion: keep position size around 3% of your capital (in USDT, not ETH), do not exceed 5% when opening a position
Note: Investment involves risks, please proceed with caution. The above strategy reflects personal opinions only and does not constitute any investment advice. Profit and loss are at your own risk.