💥 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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Pullback to go long
BTC
Open position with a stop loss of 358 points
Price direction; go long around 66,500
First take profit; around 66,742
Second take profit; around 66,984
Third take profit; around 67,226
ETH
Open position with a stop loss of 12 points
Price direction; go long around 1,938
First take profit; around 1,950
Second take profit; around 1,962
Third take profit; around 1,974
Post-first take profit / stop loss cost
Post-second take profit / stop loss at first take profit
Third take profit / close position
(Using the 351 distributed take profit and stop loss method)
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