💥 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
Suggested entry points**:
- **Long Entry (Long) at**: 0.07800–0.07850.
- **Stop Loss (**: 0.07500.
- **Profit Goals**:
- TP1: 0.08150
- TP2: 0.08400
---
) ⏳ **Estimated Time for Transaction**:
- **Intraday Speculation ###Scalping(**: 1–4 hours.
- **Medium-term )Swing(**: 1–3 days.
---
) 🎯 **Expected success rate**:
- **65%** Based on the current buying momentum and strong support level at 0.06803.
---
### 📌 **Summary**:
The pair shows positive short-term signals with upward momentum supported by good trading volume. Entering at current levels or on any slight pullback is a good opportunity with tight risk management.
---
### 🧠 **Monitoring Tip**:
- Watch for a breakout at 0.08169 — if it rises with high volume, this is a strong signal to continue.
- Follow the news of MAV and any developments on the Arbitrum network ### as mentioned in the live broadcast (.
)