💥 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
Bitcoin
Entry Price: $69,150
Take Profit 1: $71,400
Take Profit 2: $74,200
Stop Loss: $66,500
Analysis: BTC is showing short-term weakness below the $70k level. On-chain indicators suggest a capitulation zone where realized losses are outpacing profits. A move above $70k is required to flip short-term bias back to bullish.
$BTC #GateSquare$50KRedPacketGiveaway