💥 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
2.14 Saturday Bitcoin Recommendations
Saturday, combined with the pre-holiday atmosphere, the market is experiencing light trading and reduced volatility, with limited operational space. The core principles are to hold light positions, enter and exit quickly, and adopt a cautious approach with more watching and less action.
Liquidity tends to be low over the weekend, and funds are less willing to participate. As the year-end approaches, the market mainly consolidates within narrow ranges, making it difficult to see large trending moves. Heavy positions are not recommended.
Prioritize observing, protecting principal, and having a peaceful New Year.
Focus on dips for long positions, avoid chasing highs, and do not fight against the trend.
Around 500 points is sufficient; take profits and avoid greed for long-term gains.
Resistance above: 69,500 (can reduce positions/ take profits upon reaching)
Support below: 68,500 (stability allows for light long positions)
Strictly control positions, set stop-loss orders, avoid fighting the market before the holiday, and protecting profits is more important than chasing high returns.
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