💥 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
Trader X - Lao Zheng's Morning Thoughts Sharing on Monday
Good morning in the new week! Lao Zheng's precise layout has always anchored the market direction for everyone! This morning, the Bitcoin price plunged significantly to the 93000 level, while the swing strategy that Lao Zheng publicly shared last Friday has been perfectly fulfilled today—when the entire network generally believes that 96000 is the bottom and rushes to buy, Lao Zheng firmly provided a bearish outlook based on his foresight of market trends. This ability to control the market is proven by the market itself!
The current market shows a technical rebound, but from the perspective of volume and trend structure, the rebound momentum is hard to sustain, and the probability of returning to a downward channel is extremely high. The overall weak pattern of the market has not changed. Here, Lao Zheng once again clarifies the core operation: the entire process revolves around high short positions; this stage is definitely not a time to bottom-fish, and one should not enter blindly!
Short near 94000-95000, targeting around 92500, if it breaks, continue to look down to 90000.
Auntie is empty near 3120, targeting 3000.
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