💥 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 ($HBAR ) price action is showing increasingly constructive behavior as the market builds a classic bullish reversal structure on the higher timeframes. After an extended corrective phase, price has stabilized and begun forming an inverse head and shoulders pattern, a formation often associated with trend reversals when confirmed
【$TAKE Signal】Pullback to Long + 1H Strong Consolidation, Clear Signs of Capital Support
The $TAKE 1H timeframe experienced a massive surge yesterday and is now in a strong consolidation at high levels. The price is building a platform within the 0.055-0.058 range, with the 1H EMA20 (0.0501) providing solid dynamic support. The 4H timeframe has broken through the long-term downtrend, with a single large bullish candle establishing a reversal tone. Currently, it is a healthy pullback. The key point is: the funding rate is as high as 0.1494%, but open interest (OI) remains stable, and the price has not been pushed back. This is a typical【Short Squeeze】or【Main Force Support】signal, with shorts paying high fees and the bulls maintaining a strong position.
🎯 Direction: Long (Long)
🎯 Entry/Order: 0.0555 - 0.0560 ( Reason: 1H consolidation lower boundary + dense buy orders support )
🛑 Stop Loss: 0.0535 ( Reason: Break below 1H support at 0.0545 and ATR(0.009) lower band )
🚀 Target 1: 0.0595 ( Reason: Resistance near yesterday’s high )
🚀 Target 2: 0.0620 ( Reason: 4H previous high and 1.618 Fibonacci extension )
🛡️ Trading Management:
- Position suggestion: Light position ( Reason: Over 40% intraday surge, extremely high volatility, caution against profit-taking pressure )
- Execution strategy: Use staggered take profits. After reaching Target 1, reduce position by 50%, and move the remaining stop loss up to the entry price of 0.0560. If the price strongly breaks through 0.0595 and stabilizes, hold the remaining position to aim for Target 2.
Deep logic: Market depth shows buy orders (Bid) are far thicker than sell orders (Ask), with a depth imbalance reaching 7%, indicating strong support below. The 1H RSI (66.10) has fallen from overbought territory to a healthy zone, preparing for another upward move. The 4H RSI (71.82) is high but not an immediate top signal in a strong trend. The core drivers are【High Funding Rate + Stable Price + Stable OI】, which is the favorite combination for short-term bulls, indicating a high likelihood of another rally after a pullback.
Trade here 👇 $TAKE
---
Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
#我在Gate广场过新年 #Gate广场发帖领五万美金红包