HOT
One more week of sideways actionLooking at the bollinger band it looks like will see one more week of sideways before we have another pump to the upside.
My idea for a strategy for HOT is if you bought it between 0.014-0.015 you still in a good buy in zone.
At target point 1, I am taking out my initial investment as that could be the top and go down and atleast anything else is like extra bonus to hold.
Depending on if we are really in this big channel then target 2 could be the top and choose to sell all or sell half if you think it might go even higher.
Because last top we move down so much and consolidate for such a long time, for me I feel target 2 could be the top. For Holo definetely need a good exit strategy and not HODL too long when it touched the top.
HOTUSDT (HOLO) - POTENTIAL BUY ENTRY ANALYSIS 🔎
- HOTUSDT was resisted by the descending trendline resistance (DTR-1).
- Price brokeout above the descending trendline resistance (DTR-1).
- The market hit a swing high and retraced.
- Price is retesting and descending trendline resistance (DTR), the key fibonacci retracement zone (0. 5-0 .618 - 0.786) and horizontal support level (S1).
- The retracement is resisted by the descending trendline resistance (DTR-2).
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the descending trendline resistance (DTR-2).
- Retest of the descending trendline resistance (DTR-2) after the breakout.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the 0.786 fibonacci retracement level.
$HOT update. Holocoin. Still following the lines.This is a really textbook thing that price does before it goes higher. Price spiked low, and came back up sharply showing keen buyer awareness. What this chart is telling me is that it not only wants to go higher, but now it is ready to.
If you have access to an exchange you could buy now and put a stop at .11-.10. If not you could just buy it and hold it. If the crypto market continues to perform this coin should benefit.
If you have the ability to watch closely you should only buy on the confirmed break of the upper channel trendline.
$HOT. Holocoin. Looking to buy and hold.This is the same price pattern I've been noticing throughout the crypto verse before big moves.
It has 10x'ed this year, and is sitting above .01 at a slashed price with 2.3 bil market cap. I really like this factor combination.
For my proposed strategy, I have drawn on it a little more than necessary. Basically, I'm saying that any price at the moment is a good price.
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I'm making plans for my purchases once my binance.us account gets verified.