HOTUSDT Technical Analysis
The
HOTUSDT HOTUSDT price has recently broken out bullishly from a descending trendline. Following this breakout, the price is experiencing a correction towards the $0.002350 support level.
It is anticipated that the price will find support at this level and resume its upward trajectory. The first target for this uptrend is projected to be around $0.002615. The final price target is in the vicinity of $0.002750.
Trading Recommendation:
It is recommended to enter a long position after the price surpasses the $0.002500 level, confirming the upward momentum after the correction and bounce back from the support.
Summary:
Disclaimer:This analysis is for informational purposes only and should not be considered as financial advice. Trading cryptocurrencies involves significant risk, and it is crucial to conduct your own research and consult with a financial advisor before making any investment decisions.
The
HOTUSDT HOTUSDT price has recently broken out bullishly from a descending trendline. Following this breakout, the price is experiencing a correction towards the $0.002350 support level.It is anticipated that the price will find support at this level and resume its upward trajectory. The first target for this uptrend is projected to be around $0.002615. The final price target is in the vicinity of $0.002750.
Trading Recommendation:
It is recommended to enter a long position after the price surpasses the $0.002500 level, confirming the upward momentum after the correction and bounce back from the support.
Summary:
- Breakout: Bullish breakout from downtrend
- Correction: Currently correcting towards $0.002350
- Support: $0.002350
- Target 1: $0.002615
- Target 2: $0.002750
- Entry: Above $0.002500
Disclaimer:This analysis is for informational purposes only and should not be considered as financial advice. Trading cryptocurrencies involves significant risk, and it is crucial to conduct your own research and consult with a financial advisor before making any investment decisions.
Trade active
Trade closed: target reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.