💥 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
Logically Trading Price Action
1. What’s the trouble area?
- Prior support levels, or levels where price reacted briefly before dropping further
- Volume Nodes during the downtrend
(Places where buyers tried to step in on the way down but buy walls got eaten)
2. Liquidity pockets?
- Areas where large liquidations took place
- Price visited very briefly so never really traded there and thus there is likely not much demand there if we go there again