💥 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 buy! 1H pullback confirmation, strong signs of main force supporting the market
$TAKE After experiencing a violent surge, the 1H level is undergoing a healthy correction, with the price building a platform in the 0.0500-0.0525 range. The 4H large bullish candle establishes an upward trend, and the current pullback to the EMA20 (1H) and previous breakout level presents an excellent short-term sniping opportunity. Although funding rates are high, open interest remains stable, and the order book shows buy orders far exceeding sell orders (imbalance of 10.09%), indicating strong support from the main force. The pullback is an entry opportunity.
🎯Direction: Long (Long)
🎯Entry/Order: 0.0515 - 0.0520 (Reason: 1H EMA20 support zone + upper boundary of previous dense trading zone )
🛑Stop loss: 0.0483 (Reason: Break below previous low 0.04839 and ATR lower band )
🚀Target 1: 0.0570 (Reason: Previous high resistance level and 1H Fibonacci 0.618 retracement level )
🚀Target 2: 0.0600 (Reason: 4H previous high and psychological round number )
🛡️Trading management:
- Position suggestion: Light position (Reason: Hot Coin has high volatility, with daily swings exceeding 35%, strict risk control needed )
- Execution strategy: When price reaches 0.0570, reduce position by 50% and move stop loss up to entry price 0.0520. Remaining position aims for the second target; if price falls back below 0.0520, exit unconditionally.
Depth logic: The 4H massive breakout of the long-term downtrend indicates a strong trend reversal signal. The 1H RSI (58.2) has fallen from overbought into a healthy zone, preparing for further upward movement. The key point is that open interest remains stable during the correction, not decreasing significantly, combined with buy order depth advantage. This is not a distribution by the main force but a typical “uptrend consolidation” shakeout. Market logic suggests “price rising, main force entering,” consistent with data. Be cautious of short-term selling pressure caused by high fees, but as long as the bullish structure remains intact, focus on low leverage long positions.
Trade here 👇 $TAKE
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