HOTBTC is extremely oversold. Get ready for a bullish breakout.
HOTBTC is extremely oversold at 1D chart. Stoch RSI is at the absolute bottom. Tom Demark count gave a red 7 which confirms that bears will be exhausted soon. Price is currently at daily MA50 (29) This is a major support point and seems like it will hold. It tried to break it today but market gave immediate response. I expect price to increase in upcoming days.
Here is my trading idea:
Long at 28-29
TP1: 33
TP2: 38
SL: 23-22
Here is my trading idea:
Long at 28-29
TP1: 33
TP2: 38
SL: 23-22
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