💥 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
After a busy day of accompanying my mom to buy New Year’s goods, new clothes, do housework, and wash the car, all my emotions had to be held back when I was with her. Do you know how painful my heart is? It’s almost to the point of tears. On February 10th, just two days ago, I opened a 10x position with 26,000 $BERA contracts. I was worried about a market correction, so I closed the position after holding it for just over two hours. Today, $BERA pushed the market up and crushed the bears’ heads. From the lowest at 0.33 to 1.53, that’s a direct 5x increase. If I had held onto my long position, I could immediately buy a GLS450 Benz now, right? Many people thought there would be a big sell-off when the unlock happened on February 6th, but unexpectedly, the short covering triggered a violent short squeeze. Sigh, those who didn’t sell when they should have, and those who bought but didn’t hold on, ended up being forced to take the other side. I think a 5x increase from the bottom isn’t surprising; it’s the market’s liquidity compensation owed to $BERA . Next time, I will definitely hold on!