💥 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
Missed the opportunity to catch the bottom on the new coin. Losses incurred include:
DMC: Lost 3,200R at a price of 0.85, currently trading at 0.68.
AI16Z: Lost 4,800R at a price of 1.24, now at 0.93.
INSN: Lost 2,000R at a price of 0.42, currently at 0.33.
The market is facing relentless dumping, with a 20% drop already and potentially another 30% decline ahead. A single nap resulted in significant spot losses. The dealer’s strategy is proving to be exceptionally ruthless.
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