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HOT

One more week of sideways actionLooking at the bollinger band it looks like will see one more week of sideways before we have another pump to the upside. My idea for a strategy for HOT is if you bought it between 0.014-0.015 you still in a good buy in zone. At target point 1, I am taking out my initial investment as that could be the top and go down and atleast anything else is like extra bonus to hold. Depending on if we are really in this big channel then target 2 could be the top and choose to sell all or sell half if you think it might go even higher. Because last top we move down so much and consolidate for such a long time, for me I feel target 2 could be the top. For Holo definetely need a good exit strategy and not HODL too long when it touched the top.
Long
by chungdha
7
HOTUSDT (HOLO) - POTENTIAL BUY ENTRY ANALYSIS 🔎 - HOTUSDT was resisted by the descending trendline resistance (DTR-1). - Price brokeout above the descending trendline resistance (DTR-1). - The market hit a swing high and retraced. - Price is retesting and descending trendline resistance (DTR), the key fibonacci retracement zone (0. 5-0 .618 - 0.786) and horizontal support level (S1). - The retracement is resisted by the descending trendline resistance (DTR-2). - There's a breakout potential. BUY ENTRY ⬆️ - Breakout above the descending trendline resistance (DTR-2). - Retest of the descending trendline resistance (DTR-2) after the breakout. TARGETS 🎯 - Horizontal resistance level (R1). - Horizontal resistance level (R2). - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the 0.786 fibonacci retracement level.
Long
by Chibuike_Odoh