💥 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
Reviewing the situation, last night shorted a bit of silver because: after the sharp decline, it entered the weekend, but retail investor sentiment was all about bottom-fishing, even queues outside gold shops for bottom-fishing. The funds driven by this bottom-fishing sentiment will become a new round of liquidity withdrawal. The actual situation doesn't matter; what matters is how everyone thinks and acts.