💥 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 ($HBAR ) price action is showing increasingly constructive behavior as the market builds a classic bullish reversal structure on the higher timeframes. After an extended corrective phase, price has stabilized and begun forming an inverse head and shoulders pattern, a formation often associated with trend reversals when confirmed
【$BAS Signal】1H pullback confirmation, sniper for secondary rally
$BAS The 1H timeframe has experienced a massive surge and is currently in a healthy flag consolidation phase. The price is oscillating within the 0.0054-0.0058 range, with the 1H EMA20 (0.0053) forming a strong dynamic support. The 4H timeframe has confirmed a breakout of the previous consolidation box, indicating a trend reversal to bullish. The current pullback presents an excellent opportunity for a second entry. Open interest remains stable, and funds have not significantly withdrawn, maintaining a bullish pattern.
🎯Direction: Long (Long)
🎯Entry/Order: 0.00545 - 0.00550 (Reason: 1H EMA20 support zone resonating with the lower boundary of the flag )
🛑Stop Loss: 0.00525 (Reason: Break below the lower boundary of the flag and the previous 1H candle low )
🚀Target 1: 0.00590 (Reason: Previous high resistance and the upper boundary of the flag )
🚀Target 2: 0.00630 (Reason: 1:1 measurement based on the height of the flag )
🛡Trade Management:
- Position Size: Light (Reason: Hot Coin experiences high volatility, risk control is essential )
- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price. If the price strongly breaks through 0.0059, consider aiming for 0.0063 with the remaining position.
Deep Logic: The 4H buy strength is robust, with the latest 4H candle showing high volume, a clear signal of main force entering. The 1H RSI (61.39) has healthy retraced from overbought territory, preparing for further upward movement. Market depth data (bid_ask_ratio_depth: 1.19) slightly favors buyers, with dense support below. Combined with positive funding rates, market sentiment is bullish but not overheated, leaving room for continued upward movement.
Trade here 👇 $BAS
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