💥 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 ($HBAR ) price action is showing increasingly constructive behavior as the market builds a classic bullish reversal structure on the higher timeframes. After an extended corrective phase, price has stabilized and begun forming an inverse head and shoulders pattern, a formation often associated with trend reversals when confirmed
【$AKE Signal】Long | 1H breakout and retest confirmation, clear intention of capital support
$AKE The 1H timeframe has experienced a massive rally and is now at the end of a high-level flag pattern consolidation, with the price supported above the EMA20 (0.0003). The 4H timeframe has broken through the long-term downtrend line, forming a V-shaped reversal pattern. The current retest confirmation presents an excellent opportunity for a second entry.
🎯Direction: Long (Long)
🎯Entry/Order: 0.000314 - 0.000316 (Reason: 1H EMA20 dynamic support zone, also the upper boundary of the previous hour's dense trading zone )
🛑Stop Loss: 0.000305 (Reason: Break below the 1H consolidation low and the start of the 4H large bullish candle, invalidating the bullish structure )
🚀Target 1: 0.000328 (Reason: Break through previous high, testing the resistance of the hourly previous high )
🚀Target 2: 0.000345 (Reason: Based on the recent upward wave height, the 1.618 Fibonacci extension level )
🛡️Trade Management:
- Position Size Recommendation: Light (Reason: Daily increase has exceeded 33%, volatility is extremely high, strict risk control is needed )
- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price. If the price strongly breaks through 0.000328 and stabilizes, the remaining position target can be set at 0.000345.
Deep Logic: The market shows strong potential for short squeeze. 1) Funding rate at 0.0634% is positive but not extreme, with room to rise. 2) Open interest (OI) remains stable during consolidation, with no significant fund outflow, indicating main players have not exited. 3) Market depth shows buy orders (Bid) far thicker than sell orders (Ask), with an imbalance of 8.57%, indicating strong support below. 4) The 1H RSI has fallen from overbought to 69, a healthy correction, preparing for another upward move. Overall, this is a typical main force support and short-covering structure, with a trend reversal imminent.
Trade here 👇 $AKE
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