Short HNT
Updated
HNT, a web3, is of the most performative cryptos recently having recovered 50% in 3 weeks since mid September. Actually, it was just a pullback because HNT had suffered a sell off with 85% of loss since April 2022. It's not suprised that the prices were rejected (again) by the EMA 50D.
On 4H TF, HNT broke its shorterm trendlines (so did the RSI). It is likely that HNT will revisit its longterm trendline since October 2020.
The proposed setup is in chart with TPs (blue lines) and SL (red line).
On 4H TF, HNT broke its shorterm trendlines (so did the RSI). It is likely that HNT will revisit its longterm trendline since October 2020.
The proposed setup is in chart with TPs (blue lines) and SL (red line).
Trade active
TP1 $4.77 reached with 3.5% profit.Note
Second TP $4.38 was reached. 11% of profit booked.Note
In 4H TF, HNT has been consolidating in a diamond pattern.Note
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