💥 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
Today's objective is very simple:
Do nothing.
This week I laddered out of long positions that were still performing well as they reached resistance and caught some scalp shorts on yesterday's stock drop.
Come back Monday with a fresh view and will scan for new opportunities🤝