💥 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
#btc #eth Market Analysis for December 12: Currently, the market is in a consolidation phase after rebounding from the low of 59,980. There is a high probability of another upward surge in the next one or two days. The resistance level for BTC rebound is around 74,000, and for ETH it is near 2,200. The end of the correction signals the start of a new rally.
Contract Trading Recommendations
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Buy on dip: For BTC, consider going long around 65,000 with a target of 74,000. Stop-loss at 63,800.
For ETH, consider going long around 1,900 with a target above 2,100. Stop-loss at 1,850.
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