HOT/USDT Key Levels to Watch the supply for the Next Rally
💎 HOT is currently experiencing resistance at a key supply area, leading to a rejection.
💎 It looks set to retest the demand area at $0.00256 to gather momentum for another attempt to break through the supply. A successful breach of this supply could trigger a bullish momentum, propelling HOT towards a significant upward movement and our target.
💎 If HOT fails to bounce upon reaching the demand area and instead breaks below it, the price could continue its descent toward the support trendline. A bounce from this trendline will be crucial for HOT to attempt another rally towards the supply area.
💎 Should HOT also break down below the support trendline, it would be a concerning sign, as it would only leave one key support area at $0.002080.
💎 Historically, HOT has shown positive movement after touching this area, suggesting a potential rebound above the demand area to keep our bullish scenario alive.
💎 The scenario turns bearish if HOT cannot hold above this key support area, especially if it closes a daily candle below it. In such a case, HOT may establish a lower low, potentially leading to a deeper dip.
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💎 It looks set to retest the demand area at $0.00256 to gather momentum for another attempt to break through the supply. A successful breach of this supply could trigger a bullish momentum, propelling HOT towards a significant upward movement and our target.
💎 If HOT fails to bounce upon reaching the demand area and instead breaks below it, the price could continue its descent toward the support trendline. A bounce from this trendline will be crucial for HOT to attempt another rally towards the supply area.
💎 Should HOT also break down below the support trendline, it would be a concerning sign, as it would only leave one key support area at $0.002080.
💎 Historically, HOT has shown positive movement after touching this area, suggesting a potential rebound above the demand area to keep our bullish scenario alive.
💎 The scenario turns bearish if HOT cannot hold above this key support area, especially if it closes a daily candle below it. In such a case, HOT may establish a lower low, potentially leading to a deeper dip.
MyCryptoParadise
iFeel the success🌴
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