💥 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
Observe the trend of $BTC on the evening of #特朗普加密货币政策新方向 12 2nd
From a technical perspective, Bitcoin shows significant resistance in the range of 87000-87500. Personally, I tend to position short orders at this level, with a take-profit target looking towards the 85500 to 84000 line.
Current market sentiment is cautious, and the risk-reward ratio for shorting at this price level is still reasonable. Everyone should pay attention to position control and strictly implement stop-loss.
The trend of $ETH also needs attention, overall following the rhythm of BTC.