💥 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
🐋 WHALE WATCH: $SUI is providing a masterclass in market structure right now.
We’ve retraced from the $5.00 resistance all the way back to the foundation. Look at the chart—we are approaching the same level that fueled the 2024 rally.
Two scenarios:
1. Clean bounce and trend reversal (Green path).
2. Loss of support leads to a "max pain" scenario (Redpath).
Position accordingly. Fortune favors the disciplined.