HOT/USDT Break the Key Area. Upward Momentum ???
Updated
💎 HOT has indeed captured the market's attention with its recent breakout above a key supply level, signaling the potential for continued upward momentum. Presently, HOT may enter a retesting phase at the demand area, previously a supply zone, at $0.001460.
💎 A successful bounce from this level, Probability could see HOT's price move smoothly toward the targeted supply and bearish order block (OB) areas.
💎 However, should HOT fail to show bullish rejection during the retest at the demand area, it could indicate an inability to sustain higher prices, leading to a breakdown below this level. Such a scenario would suggest a false breakout, with HOT potentially entering a downward trend towards the next lower demand zone, and possibly retreating all the way back to the key support area.
💎 A successful bounce from this level, Probability could see HOT's price move smoothly toward the targeted supply and bearish order block (OB) areas.
💎 However, should HOT fail to show bullish rejection during the retest at the demand area, it could indicate an inability to sustain higher prices, leading to a breakdown below this level. Such a scenario would suggest a false breakout, with HOT potentially entering a downward trend towards the next lower demand zone, and possibly retreating all the way back to the key support area.
Trade closed: target reached
#HOT’s 62.66% rise? Called it!
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