💥 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 | Healthy Pullback After Explosive Breakout
$NAORI After experiencing a single 4H candlestick surge of over 2000% with massive volume, the price is now consolidating with reduced volume just above the key breakout level.
🎯Direction: Long
🎯Entry: 0.0246 - 0.0250
🛑Stop Loss: 0.0238 (Rigid stop loss, below previous high support and EMA20)
🚀Target 1: 0.0275
🚀Target 2: 0.0300
Market Analysis: The price surged violently from 0.0209 to 0.0275, with single-volume being over 100 times the normal, indicating a typical main force entry signal rather than retail FOMO. Currently, the price is consolidating above the breakout level of 0.0245, with buy order depth (Bids) significantly thicker than sell orders (Asks), showing funds are supporting the price and absorbing supply.
Hardcore Logic: 1. Healthy volume and price: After explosive volume, a pullback with reduced volume is a healthy reset, not distribution. The 4H RSI (65) has retreated from overbought territory, providing room for another upward move. 2. Data support: Funding rate is only 0.005%, far from the dangerous overheat level (>0.05%), open interest (OI) remains stable, with no signs of main force closing long positions, ruling out a pump-and-dump scenario. 3. Key levels: The pullback zone of 0.0246-0.0250 is a former high turned support and the middle of the explosive bullish candle, also the first healthy retracement level above EMA20 (0.0223). Stop loss is set at 0.0238, which is the invalidation point (below previous high + EMA20), with a risk-reward ratio >2.
Trade here 👇 $NAORI
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