💥 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
1.13 Bitcoin Auntie’s Morning Market View
At present, the market remains under strong overhead pressure. Every rebound attempt is quickly sold into, highlighting clear weakness on the bullish side. Market momentum has decisively shifted toward bearish control.
From the 1-hour chart perspective, price is fluctuating near the middle Bollinger Band, which acts as a key support zone. If this level fails to hold, bearish momentum is likely to strengthen further, increasing the probability of a continued short-term downside move.
In the current structure, expecting strong rebounds may only result in repeated losses. From a strategic standpoint, there is no reason to hesitate—following the prevailing bearish trend remains the most stable and efficient approach under current market conditions.
Personal Trading Outlook
Bitcoin: Entry zone at 91,400–92,000, with downside targets below 90,000 and 88,000
Auntie: Entry zone at 3,120–3,150, with downside targets below 3,060 and 3,000
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