💥 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
$XLM Technical analysis showed XLM confirming a double bottom pattern at $0.35 with bullish divergences in RSI and MACD, and a 7day SMA crossing above the 30day SMA, indicating potential upward momentum.✅
Trade Signal: $XLM / USDT (LONG) 📈
💵 Entry: 0.38045 - 0.36250 [Average: 0.371495]
🛑 Stop Loss: 0.34951
⚠️ DERISK: [0.41470] (Move stop loss to breakeven once level is reached)
🎯 Take Profit:
- TP1: 0.44900
- TP2: 0.50950
- Final TP: 0.62048
Reasons for Bullish Trade : ETF, Community Sentiment, Institutional interest, Bullish Reversal Signal.