HOTUSDT trade ideas
Hot(Halo coin) PredictionI know most of you are scared at the moment because of BTC. It is completely normal human psychology. This coin corrected massive and created prefect dream opportunity for some. Displaying real strength and recovery as of yesterday! I will update this chat as we move along. I have been waiting for this entry point for a long time. Looks like we are at the beginning of a new cycle unless Btc proves me wrong! Potential 2.5x +!
** This is not an investment idea. Only trying to pass my vast trading experience on cryptos to newcomers and less experienced traders. My predictions based on calculated reward Risk ratios. I can not be right all the time. So far I have very high percentage of success of predicting. Once you click buy button you are doing it with your own will. Nobody can force you to buy and sell but yourself. Please comment below and click like button to support my efforts.
HOT/USDT Falling Wedge breakout trade !!Hello Trader,
good mood and profitable trades !
As you can see on the chart, HOT forming a bullisht chartpattern !!
TRIGGER: breakout whit confirmation on LTF or bullback
Fib bretracemant act as targets
SL in red area, or if price falling back in the pattern under 0.618 !
Remember that things can change too .
If you like this idea , support me with likes and comments !!
Dyor and trade save !
HOTUSDT TRENDHello
about the technical topic of hot chart with Bollinger Band Superset and Parabolic Star in 4-hour time frame, we see not so strong buying pressure on the downtrend line, and it is possible that after a Marboso candle, the buying pressure will increase, which is not just a possibility. Let's see what happens
Closer look at HOT retracements & support - resistance reversalsThat last few reversals we saw were the .5 reversal and the .618 reversal. During both of these reversals, HOT bounced twice off its support, rallying to its resistance, before laddering down to its test its support for a third time. After failing the to bounce off the support level a third time, HOT saw a steep race down to the next retracement level. Right now as HOT trades in the .786-.618 channel, be wary if HOT fails to break through the .618 level after a second rally, as it could ladder down to possibly test its .786 support. If it fails that test, it' could be a steep drop down to its next support level. As mentioned in my other posts, this is not financial advice, just my speculative opinion on trends I've been seeing.
HOT Analysis UpdateYesterday we saw a huge sell off across the market, seeing a higher impact on alt coins. HOT dropped below its previous .618 support level at around $.0135, dipping down to it's .786 retracement level at around $.0009, and then finally shooting back up to the .618 level. The strong rally from its .786 to .618 retracement level shows a decently strong support at .786 level. HOT is currently trading on the higher end of this .618-.786 channel, and will most likely run sideways within this channel for the time being. Some things to look out for are how BTC will respond to $47.5k and $44k. If we BTC drops below $47.5k/$48k, we could see another panic sell, and HOT could drop back down to test the .786 support level again. If BTC rallies to $52k, we could see HOT break through it's .618 resistance, but I wouldn't count on that .618 level becoming HOT's new support. This is just my personal opinion, not financial advice. Trade safe.