💥 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
Experience from WEB2 can also be applied to WEB3 to avoid many pitfalls.
I've always believed in the adage that birds of a feather flock together.
Therefore, if the founding team of a main chain is untrustworthy and frequently breaches agreements, including but not limited to changing previously agreed rules, diluting tokens, PUA tactics, etc., then projects built on that chain will follow suit. They call this "circle culture."
Because if they don't do this, they will either decline—such as not receiving official resource support—or switch to another chain (unable to continue).
For example, the famous M chain that ran away, the well-known early bird scam, token dilution, locking large holders on B chain, and so on.
There's also a well-known exchange that launched a chain, rumored to have the largest airdrop in history. Based on my long-term experience playing on it and interacting with various project teams,
I suggest not to have too high expectations, especially if you're just playing to farm airdrops—absolutely avoid being exploited.