💥 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 ($HBAR ) price action is showing increasingly constructive behavior as the market builds a classic bullish reversal structure on the higher timeframes. After an extended corrective phase, price has stabilized and begun forming an inverse head and shoulders pattern, a formation often associated with trend reversals when confirmed
【$NAORI Signal】Long + 1H strong breakout, capital inflow supports the market
$NAORI The 1H level just experienced a volume breakout above the previous high, with the price reaching a new intraday high of 0.02906, indicating strong momentum. The 4H level confirmed a reversal with a large bullish candle, and the current price is consolidating strongly above the 1H EMA20. Open interest remains stable, and the main force’s intention to support the market is clear. Although the 1H RSI is high at around 79.56, it has not become dull, leaving room for further upward movement.
🎯Direction: Long (Long)
🎯Entry/Order: 0.02885 - 0.02895 (Reason: The lower boundary of the current strong consolidation zone, with dynamic support from 1H EMA20 )
🛑Stop Loss: 0.02820 (Reason: Falling below the previous 1H candle low and the middle of the 4H bullish candle, forming a defense line for the bulls )
🚀Target 1: 0.02980 (Reason: Resistance at the previous high and psychological level of an integer )
🚀Target 2: 0.03120 (Reason: Based on the recent volatility range’s 1.618 Fibonacci extension level )
🛡️Trading Management:
- Position Size Recommendation: Light (Reason: The intraday increase has been significant, and volatility is extremely high )
- Execution Strategy: When the price reaches 0.02980, reduce position by 50% to lock in profits, and move the remaining stop loss up to 0.02885 (entry point). If the price cannot hold above 0.02930 and falls back, consider exiting early.
Deep Logic: The price surged over 40% from 0.02053 on the 4H level with violent momentum, while open interest remained stable, indicating it’s not purely a short squeeze but supported by new funds. The order book shows buy depth (bid_ask_ratio_depth: 1.21) slightly better than sell, indicating a minor imbalance. The 1H RSI is high at 79.56, indicating overbought conditions, but Hot Coins often ignore overbought signals during momentum phases. The key is whether the price can hold above 0.0288; if it does, there’s potential for a second rally.
Trade here 👇 $NAORI
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