💥 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
$GUSD /USDT Trade Setup:
Entry Point (EP): 0.9999
Target Point (TP): 1.0000
Stop Loss (SL): 0.9993
This setup looks promising as GUSD has been moving steadily in the green zone. The trend is supported by the current price action nearing the target. Watch for a potential breakout above 1.0000 for confirmation of a continuation. If the price dips near 0.9993, the stop loss will trigger to protect against any unwanted downtrend.
Let’s keep an eye on the market and act fast!
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