💥 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 ($HBAR ) price action is showing increasingly constructive behavior as the market builds a classic bullish reversal structure on the higher timeframes. After an extended corrective phase, price has stabilized and begun forming an inverse head and shoulders pattern, a formation often associated with trend reversals when confirmed
【$AKE Signal】Long! 1H level breakout with strong momentum, funding long squeeze in progress
$AKE The 1H level just broke above the previous high of 0.0003188 with increased volume, creating a new intraday high, indicating very strong momentum. The 4H level has closed positive for several consecutive periods, breaking through the downtrend line, clearly signaling a trend reversal. Open interest remains stable, funding rate is positive but not overheated, buy-side depth (bid_ask_ratio_depth=1.53) is significantly better than sell-side, and major players are clearly defending the market. This is a typical early-stage short squeeze scenario.
🎯 Direction: Long (Long)
🎯 Entry/Order: 0.0003195 - 0.0003210 ( Reason: Retracement after breaking above the previous high of 0.0003188, also near the dynamic support of 1H EMA20 )
🛑 Stop loss: 0.0003070 ( Reason: Break below the 1H previous low of 0.0003073 and the start of the 4H bullish candle, indicating structure breakdown )
🚀 Target 1: 0.0003285 ( Reason: Resistance at the previous high of 0.0003287 on the 4H chart )
🚀 Target 2: 0.0003450 ( Reason: 1.618 Fibonacci extension based on recent wave height )
🛡️ Trading management:
- Position suggestion: Light position ( Reason: Hot Coin volatility is extremely high, daily gains have exceeded 31%, caution against profit-taking )
- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price. If the price strongly breaks above 0.0003287 and stabilizes, consider targeting 0.0003450 for the second target.
Depth logic: Current 1H RSI is 66.31, not in extreme overbought territory, still room for upward movement. 4H RSI is as high as 85.01, indicating strong medium-term momentum, but watch for a pullback. Market depth shows buy orders are significantly thicker than sell orders (depth imbalance 20.87%), with strong support below. Market logic suggests price rises with stable positions, favoring main players' entry rather than pure short covering. Combined with positive funding rates, this is a typical continuation signal for a bullish trend.
Trade here 👇 $AKE
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