HOT/USDT is looking that is about to gain momentum to the upside. You will risk about 5% to gain 15% to 18% on the first target.
I am posting this on Friday night and we all know that Crypto on the weekends sometimes is slow. If you do not want to take the trade now you might wait a few more candles.
If you decide to wait than you might take the trade when the price breaks above the blue rectangle as it will break a small resistance (keep in mind that if you enter when price breaks blue rectangle your stop loss has to be different than the chart, meaning tighter).
Keep moving your stop loss tighter as price goes up. Good Luck!
I am posting this on Friday night and we all know that Crypto on the weekends sometimes is slow. If you do not want to take the trade now you might wait a few more candles.
If you decide to wait than you might take the trade when the price breaks above the blue rectangle as it will break a small resistance (keep in mind that if you enter when price breaks blue rectangle your stop loss has to be different than the chart, meaning tighter).
Keep moving your stop loss tighter as price goes up. Good Luck!
Note
trade is for around 3 to 9 days
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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.