Long
🔥 HNT Extremely Weak: Reversal Incoming?
HNT has been one of the weakest cryptos on my watchlist. Where most cryptos are well above their capitulation lows, HNT has recently broken below its capitulation low, which might be a bearish signal for the rest of the market.
On the other hand, a massive support is coming up. This support dates back all the way towards the first couple of months of HNT trading on Binance, so it should offer at least some strength.
Best case scenario would be that said support would be the lowest-low and HNT will divert back towards the general crypto trend.
On the other hand, a massive support is coming up. This support dates back all the way towards the first couple of months of HNT trading on Binance, so it should offer at least some strength.
Best case scenario would be that said support would be the lowest-low and HNT will divert back towards the general crypto trend.
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