💥 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
Because it once rose to 120,000, you think that now around 70,000 is very cheap and cost-effective. This is called raising psychological expectations. In fact, rising to 120,000 was to sell you the goods at 70,000. It can also be understood as selling from 120,000 down to 70,000. You bought the bottom within this range, but actually the bottom is still below 70,000.