💥 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
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CPI is coming, are you all prepared? Those who followed yesterday's levels to enter positions have seen good profits. Based on personal analysis of tonight's news, here are some reference levels, for your reference only. Profit and loss are your own responsibility.
BTC long position: 64558
ETH long position: 1866
Around 21:28 tonight, the market was stable without fluctuations. You can place a market order to go long with a take profit of about 15 points on ETH and roughly 300 points on BTC. If you missed the chance, you can wait for a pullback to the lows of last night at 1900 and 65200 to close the initial positions and enter again.
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For those who want to operate at the above levels, strictly set stop-loss according to your capital size and position, or follow my live room instructions to enter in batches and set stop-losses.