HOT.USDT (Y21.P2.E3).To Rise againHOT or HOLO did well and its likely found its bottom and will create a familiar re-accumulation structure like many of the ALTs.
Some ALTs performed ahead of others and others are just braking out.
Hence HOT is to re-accumulation.
Observations:
> Daily 20 ema (black) has confluence with the macro 0.618 fib retracement
> Daily 10 ema (blue) acting resistance with the 0.5 fib level
> Wedge break is what it looks like with the target as per the post
Thoughts:
Some re-accumulation wyckoff structure to take place
I'll buy in here by looking at the smaller time frames to the precise entry.
Sell at the target range or earlier and look to buy from the buy zone as per chart.
Trading strategy:
Aligned with Daily Cradle strategy.
All the best,
S.SAri
