💥 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 ($HBAR ) price action is showing increasingly constructive behavior as the market builds a classic bullish reversal structure on the higher timeframes. After an extended corrective phase, price has stabilized and begun forming an inverse head and shoulders pattern, a formation often associated with trend reversals when confirmed
#ETH$ETH Overall, Ethereum still remains within the predicted range over the past few days. The long entry points provided during this period have yielded some profit. Trading long during this time has been relatively less comfortable, so remember to take profits and set stop-losses defensively (around 20 points profit before acting). Personally, I still prefer to mainly go long, but of course, if it rebounds to yesterday's high, you can set a good stop-loss and consider a short. Below are some reference points based on my analysis; use them as a guide, not as investment advice. You can enter trades flexibly based on your personal judgment and position management.
Short entry point: 2273
Long entry point: 2090
The above long entry points can also be used for phased deployment as I mentioned in my live broadcast, with a 1:3 position ratio (opening position to add position within about 100 points). For example, buy 1 at 2090 and buy 3 at 2000, with a stop-loss around 1970—operate similarly.
Stop-loss can be controlled according to your own capital size and position scale.