💥 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 ($HBAR ) price action is showing increasingly constructive behavior as the market builds a classic bullish reversal structure on the higher timeframes. After an extended corrective phase, price has stabilized and begun forming an inverse head and shoulders pattern, a formation often associated with trend reversals when confirmed
#Gate广场发帖领五万美金红包 [Buy and Sell Entry Points]
- Buy Entry Point 1: 68,200 USDT (Supported by 4-hour EMA30, and is an integer level)
- Buy Entry Point 2: 67,200 USDT (Previous 4-hour high turns into support, also close to 4-hour EMA7, and is an integer level)
- Long Position Stop Loss: 66,700 USDT (Slightly below the previous 4-hour low of 66,867.47, providing a safety margin, and is an integer level)
- Sell Entry Point 1: 69,300 USDT (Near the previous 4-hour and daily high points, with selling pressure, and is an integer level)
- Sell Entry Point 2: 70,500 USDT (Close to the previous daily high of 70,527.59, with strong resistance, and is an integer level)
- Short Position Stop Loss: 71,000 USDT (Slightly above the previous daily high, providing a safety margin, and is an integer level)$BTC $ETH