💥 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
Today's Strategy: Conservative Single
ETH around 2040 short position, more aggressive at 2020
Stop loss at 2083, 40 points risk
Take profit at 1940, 100 points profit
If you want to enter a position of a certain size (for example),
Never enter all at once; spread out the risk so the stop loss isn't too high.
If entering the initial position at 2020, go in with 0.3; add 0.7 at 2060;
If entering at 2040, go in with 0.6; add 0.4 at 2065.