💥 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
$PIPPIN
I am keeping the trade open and I remain consistent with my initial trading idea.
Price is more likely to get rejected from here.
Just moving my stop-loss to 0.0594$ (to be safe in case of slippage), so it's not at BE anymore.
If you risked too much earlier, it's time for you to deleverage a bit.
But overall my initial idea hasn't changed. I stay in the trade and am ready for both outcomes (stop-loss or a big win).