Hotusdtlong
Is HOTUSDT nearing its Peak? Going back in Mid March, when HOT was under consolidation for more than a week, post which it decided to launch and looks like now it is almost nearing the peak.
Overall, Hot is definitely moving in an upward trend (Two black parallel lines) and within that channel it has also formed another upward parallel channel (yellow area). Going by this pattern, HOT could potentially touch another high somewhere close to 0.0312 or it might go under another consolidation before launching again.
HOT is also being supported beautifully by EMA 25 all this while. However it might soon corner HOT against the upper Black line. So what would be interesting to see would be if HOT breaks the upward channel or surrenders against EMA 25 to make it its Resistance.
As shown on the chart there are two potential scenarios here
Scenario 1 (Black path) - EMA 25 and the candles meet somewhere close to the Red line illustrated in the chart and bounce up to create another All time High.
Scenario 2 (Purple Dash path) - HOT to go into consolidation before launching up again.
There is a very good opportunity for the traders, however would advice being cautious considering HOT is getting into the corner.
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NOTE: These are my personal notes and in no way is a financial advice. Do your own research and Trade wisely.
Hot channel for really Hot token This channel seems to be valid and I hope it can be profitable for you
HOTUSDT forming bullish Shark | Upto 112% move aheadHi friends hope you are well, and welcome to the new update on HOLO token.
On the small-time period chart, the price action of the HOT token is completing the last leg of bullish Shark pattern, on breaking down the 25 simple moving average the pattern will be confirmed.
Buying and sell ranges:
The buying zone starts form 0.886 to 1.13 Fibonacci levels, and the sell zone can be the Fibonacci projection between 0.382 to 0.786 .
Stop loss:
The maximum extent of potential reversal zone at 1.13 Fib level can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 112%, and the loss possibility is 21%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
