HOT / USDT Falling Wedge. Target from +50 to 150%.
Updated
A downward wedge has formed. This pattern may become a reversal pattern of this trend.
The price is now near the break of the downtrend line.
If the price fixes above the resistance line, the potential for upward movement and the development of the target of this figure.
ENTRANCE
On a breakthrough or rollback after breaking a wedge resistance line (red line).
TARGET
First target - + 50%
The second target is + 150% (if the price fixes above strong resistance, a zone near the yellow line).
You also need to understand that this is a cheap pump coin, the goals are arbitrary, as during a trend reversal they can raise prices short-term by hundreds of percent, which has happened more than once (see the HOT / BTC chart).
If the price fails to consolidate above the downtrend wedge, then the potential price reduction is within the boundaries of this figure. Therefore, the entrance is only at a breakthrough or pullback after breaking through the line of resistance of the wedge.
The main liquidity during the movement will be on the HOT / BTC pair.
A pair of HOT / USDT can be used to disperse prices. Therefore, who does not have a big position is more interesting to work on the HOT / USDT pair.
Stop loss
Under key support levels during your entry into the market.
Do not forget to move Stop Loss during the price increase, but take into account the volatility of the coin.
The trading idea of this coin is to Bitcoin.
HOT/BTC Price behind the downtrend line in the lateral movement
The price is now near the break of the downtrend line.
If the price fixes above the resistance line, the potential for upward movement and the development of the target of this figure.
ENTRANCE
On a breakthrough or rollback after breaking a wedge resistance line (red line).
TARGET
First target - + 50%
The second target is + 150% (if the price fixes above strong resistance, a zone near the yellow line).
You also need to understand that this is a cheap pump coin, the goals are arbitrary, as during a trend reversal they can raise prices short-term by hundreds of percent, which has happened more than once (see the HOT / BTC chart).
If the price fails to consolidate above the downtrend wedge, then the potential price reduction is within the boundaries of this figure. Therefore, the entrance is only at a breakthrough or pullback after breaking through the line of resistance of the wedge.
The main liquidity during the movement will be on the HOT / BTC pair.
A pair of HOT / USDT can be used to disperse prices. Therefore, who does not have a big position is more interesting to work on the HOT / USDT pair.
Stop loss
Under key support levels during your entry into the market.
Do not forget to move Stop Loss during the price increase, but take into account the volatility of the coin.
The trading idea of this coin is to Bitcoin.
HOT/BTC Price behind the downtrend line in the lateral movement
Note
+ 17% There is a breakthrough of the downward wedge.
Note
Note
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