💥 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
$EPK (Entry Price): 90,023
TP (Target Price): 94,477.3
SL (Stop Loss): 89,398.3
Bitcoin (BTC) is currently in a volatile phase, with a recent drop, but we might be seeing a quick rebound. The entry point at 90,023 is key. Targeting 94,477.3, we could potentially see a strong move upwards. Watch for the 89,398.3 mark as a solid stop loss to manage risk.
Keep an eye on the movement closely as BTC could experience rapid fluctuations, but with strong momentum, this setup looks promising.
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