💥 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
SOL 1H level is consolidating strongly above the EMA20, just broke through the previous high of $84.3 with increased volume, indicating strong momentum. The 4H level has already broken through the downtrend line and stabilized, open interest remains steady, and funding rates are healthy. This is a signal of main force entering the market, not just a simple rebound.
🎯Direction: Long (Long)
🎯Entry/Order: $84.50 - $84.70 (Reason: Breakout and retest of the confirmation zone, 1H EMA20 dynamic support )
🛑Stop Loss: $82.80 (Reason: Break below the start of the previous large bullish candle on 1H and key support )
🚀Target 1: $87.50 (Reason: 4H level previous high resistance )
🚀Target 2: $90.00 (Reason: 1.618 Fibonacci extension level and psychological barrier )
🛡Trade Management:
- Position suggestion: Standard position (Reason: 1H/4H resonance breakout, higher win rate )
- Execution strategy: After the price reaches $87.50, reduce position by 50% to lock in profits, and move the remaining stop loss up to $84.50 (entry level). If the price strongly breaks through $87.50, hold the remaining position to target $90.
Deep logic: The price surged by 9%, but open interest remains stable, indicating it’s not a short squeeze but new bullish funds actively buying to support the market. The 1H RSI is as high as 71.99 but not exhausted, showing buying power continues. Market depth shows substantial buy orders around ($84.5), with dispersed sell pressure, conducive to upward movement. Combining market logic, this is a typical main force-driven rally, with a short squeeze imminent.
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