Long
HOTBTC: Potential Long Scenario (Risky)
HOT is currently testing support at 768 fib. Provided it holds, we could see a strong move to the upside over the coming weeks.
Targets set at 36, 43, and 49sats.
If the 20sat level doesn't hold, HOT could go down as far as 14sats for a 100% retrace.
Strong buy under 17sats.
Targets set at 36, 43, and 49sats.
If the 20sat level doesn't hold, HOT could go down as far as 14sats for a 100% retrace.
Strong buy under 17sats.
Note
So, we broke out but fell at the first hurdle...Looks as though we've failed the retest, so this is invalid.
Note
14 sats is the next level I'll be watching, very strong support down there.I still like the look of HOT long-term.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.