💥 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 ($HBAR ) price action is showing increasingly constructive behavior as the market builds a classic bullish reversal structure on the higher timeframes. After an extended corrective phase, price has stabilized and begun forming an inverse head and shoulders pattern, a formation often associated with trend reversals when confirmed
【$TAKE Signal】Pullback to Long + Short Squeeze Continuation
$TAKE 1H timeframe enters consolidation at high levels after a massive rally, with prices strongly sideways in the 0.055-0.058 range, refusing deep retracement. The 4H timeframe shows a towering pillar directly reversing the long-term downtrend, a typical aggressive accumulation by the main force. Currently, the funding rate is as high as 0.1132%, and OI remains stable, indicating a strong short squeeze signal—bears are paying high costs. Once the price moves again, it will trigger a stampede.
🎯Direction: Long (Long)
🎯Entry/Order: 0.0555 - 0.0560 (Reason: 1H EMA20(0.0453) above strong consolidation zone lower boundary, with dense buy orders)
🛑Stop Loss: 0.0535 (Reason: Falling below the first retracement low after the 1H rally at 0.05507, with ATR(0.0088) at double distance)
🚀Target 1: 0.0600 (Reason: Near previous high psychological level and yesterday’s high)
🚀Target 2: 0.0650 (Reason: 1.618 Fibonacci extension of the 4H V-shaped reversal)
🛡️Trade Management:
- Position suggestion: Light position (Reason: Daily increase exceeds 35%, volatility is high, risk first)
- Execution strategy: After price reaches 0.0600, reduce position by 50% and move stop loss to entry price 0.0560. Hold remaining position for the second target; if price retraces and breaks the trailing stop, exit decisively.
Deep logic: This is a typical capital-driven short squeeze. Key data: 1) The 4H single candle volume reaches 1.65 billion, more than three times the previous candle, an undeniable sign of main force entering. 2) OI is stable, and price consolidates, indicating bullish positions are solid with no profit-taking selling pressure. 3) 1H RSI(74.25) is high but not exhausted, in a strong zone among Hot Coins. Market depth shows sell orders (above 0.0557) are stacked, but buy orders (below 0.0555) are equally substantial. Bulls and bears are fiercely battling here, but high funding rates are continuously bleeding the shorts. The core strategy is to bet on a secondary rally after consolidation, using high funding rates to squeeze out shorts.
Trade here 👇 $TAKE
---
Follow me: Get more real-time analysis and insights into the crypto market! $BTC $ETH $SOL
#我在Gate广场过新年 #Gate广场发帖领五万美金红包