HOTUSDT trade ideas
HOTUSDT Decisive rise but one last Resistance remainsThe Holo Token (HOTUSDT) hit (and broke) today its 1D MA50 (blue trend-line) for the second time in December (Dec 07 first time). By doing so , it broke also above the 1.0 Fibonacci level, which is the top (Lower Highs trend-line) of the Channel Down pattern that started on November 04 2021.
This is a first and decisive step towards reversing this long-term bearish trend and as you see there is a Diverging Channel Down since late June that may lead HOT to its new Bull Cycle. However, one last Resistance remains to confirm that, and that is the 1D MA200 (orange trend-line), that has been unbroken since December 10 2021. A daily close above it and we turn bullish long-term on this token.
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Trading opportunity for HOTUSDT HoloBased on technical factors there is a Long position in :
📊 HOTUSDT
🔵 Long Now 0.001557
🧯 Stop loss 0.001368
🏹 Target 1 0.001780
🏹 Target 2 0.002020
🏹 Target 3 0.002390
💸RISK : 1%
We hope it is profitable for you ❤️
Please support our activity with your likes👍 and comments📝
HOT : DAY TRADE VIEWHOLO is known as a coin that stays for a long term into a stable trend, and when it's time to increase, it can do above 500% as we have seen at 12-03 in just 15-20 days with an 800% increase last.
It means not that this should happen at this level again. as 2021 is a different time than now.
we are in a time where taking a profit become more important than before.
HOLO seems interesting for day trading, and we can see if it will hit new targets with time.
HOTUSDT is creating a descending channelThe price retested again the weekly support at 0.0018$
on the daily timeframe the price is creating a descending channel and now the market is testing its key levels at 0.0020 area
How to approach it?
IF the price is going to have a breakout, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ black structure -> <= 1h structure.
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Follow the Shrimp 🦐
Trading opportunity for HOTUSDT HoloBased on technical factors there is a Long position in :
📊 HOTUSDT Holo
🔵 Long Now 0.001963
🧯 Stop loss 0.001810
🏹 Target 1 0.002260
🏹 Target 2 0.002470
🏹 Target 3 0.002750
💸RISK : 1%
We hope it is profitable for you ❤️
Please support our activity with your likes👍 and comments📝
HOT 4H where to go.. (Modified)Could be a good short setup. Or flet?
Anyway thigs I've noticed:
1. Volatility goes down.
2. Still Downtrend.
3. Local trendline to be broken soon.
4. Lower Highs.
5. Next Support -5%.
If it holds the local uptrend line then there could be a reverse setup with the target of 0.0023. The Safest LONG starts from there also. Local LONG could be with an actual downtrend break out.
HOT 4H where to go..Could be a good short setup. Or flet?
Anyway thigs I've noticed:
1. Volatility goes down.
2. Still Downtrend.
3. Local trendline to be broken soon.
4. Lower Highs.
5. Next Support -5%.
If it holds the local uptrend line then there could be a reverse setup with the target of 0.0023. The Safest LONG starts from there also.
HOTUSDT wants the breakout?The price is testing the daily resistance after a bounce from the weekly area.
How to approach it ?
The price needs to create the breakout and retest the resistance as new support, According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ black structure -> <= 1h structure.
–––––
Follow the Shrimp 🦐