💥 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 ($HBAR ) price action is showing increasingly constructive behavior as the market builds a classic bullish reversal structure on the higher timeframes. After an extended corrective phase, price has stabilized and begun forming an inverse head and shoulders pattern, a formation often associated with trend reversals when confirmed
【$H Signal】Long | Breakout and Retest, Main Force Accumulation
$H After a volume breakout, the price is performing a healthy retest above the key resistance turn zone. The 4H RSI has cooled from the overbought zone to around 70, indicating a healthy correction within a strong trend.
🎯 Direction: Long
🎯 Entry: 0.1780 - 0.1805
🛑 Stop Loss: 0.1690 ( Break below previous high support and EMA20, invalidating the logic )
🚀 Target 1: 0.1950
🚀 Target 2: 0.2017 ( Previous high resistance )
Market Analysis: After volume broke through the previous high of 0.1746, the price consolidated sideways around 0.1805. Key signals include: 1) Open interest (OI) remains stable during the uptrend, with no signs of main force distribution; 2) Funding rate is only 0.036%, far from dangerous levels, indicating low short squeeze risk; 3) Depth data shows buy orders (Bids) accumulating near 0.1804, forming a support wall, while sell orders (Asks) are relatively sparse, indicating limited upward selling pressure.
Solid Logic: This rally is driven by genuine buying (4H candlestick buy ratio once reached 54%), not just a short squeeze. The current retest zone is precisely the golden area between the breakout level (0.1746) and EMA20 (0.1606), making it an ideal entry point for trend-following strategies. ATR is 0.0093, providing a reasonable stop-loss space, with a risk-reward ratio >2.5.
Trade here 👇 $H
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