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HOTUSDT trade ideas

Closer look at HOT retracements & support - resistance reversalsThat last few reversals we saw were the .5 reversal and the .618 reversal. During both of these reversals, HOT bounced twice off its support, rallying to its resistance, before laddering down to its test its support for a third time. After failing the to bounce off the support level a third time, HOT saw a steep race down to the next retracement level. Right now as HOT trades in the .786-.618 channel, be wary if HOT fails to break through the .618 level after a second rally, as it could ladder down to possibly test its .786 support. If it fails that test, it' could be a steep drop down to its next support level. As mentioned in my other posts, this is not financial advice, just my speculative opinion on trends I've been seeing.
by defrog_god
2
HOT Analysis UpdateYesterday we saw a huge sell off across the market, seeing a higher impact on alt coins. HOT dropped below its previous .618 support level at around $.0135, dipping down to it's .786 retracement level at around $.0009, and then finally shooting back up to the .618 level. The strong rally from its .786 to .618 retracement level shows a decently strong support at .786 level. HOT is currently trading on the higher end of this .618-.786 channel, and will most likely run sideways within this channel for the time being. Some things to look out for are how BTC will respond to $47.5k and $44k. If we BTC drops below $47.5k/$48k, we could see another panic sell, and HOT could drop back down to test the .786 support level again. If BTC rallies to $52k, we could see HOT break through it's .618 resistance, but I wouldn't count on that .618 level becoming HOT's new support. This is just my personal opinion, not financial advice. Trade safe.
by defrog_god
AGAIN WITH HOT! :)Hello everyone, this is the third idea I post on HOT. Last time I mentioned a few scenarios, and the one who played out we the GREEN LINE - BEAR SCENARIO. This led to forming a new line (NL in the chart/purple color) breaking the old one (OL). Still it remains in a downtrend, while in the general YTD, it has made massive a run. But where to now? Again I will mention to scenarios. SCENARIO- The first scenario looks to test again the 0.0145 area, by making a push to the area there. The line to break now, for a confirmed full short time bull run is the red line (AREA TO BREAK in the chart). If it breaks that and it holds, we see a very huge run soon. If it gets rejected, it will try to consolidate in the areas in between, which is a good thing for trying again very soon. RSI indicates that this trend will probably come to an end, looking for a consolidation moment before another run. If the run begins, it will last 3-6 days, in need to break the ATH and forming a new one. SECOND SCENARIO- Dependable on the volatility of the market, this scenario has to mentioned. If you are looking for a short term trade, you definitely need to put SL. In this scenario, (The yellow line in the chart) indicates a move to the 0.0086, where the last run started, looking to do a parabolic move again, which will lead to a new ATH. RSI indicated that too. But due to the volatility of the market in general, make sure that this does not close below the red line (MUST NOT CLOSE UNDER THE LINE in the chart) or that will indicate a quite big rejection. In short term trading, you have to be really careful with HOT, unless you are looking to fill your bags for the long term ride, there is nothing to worry as these things are very normal in the crypto market, what goes up, goes down hard. But soon it can go up hard again. So no worries. Don't forget to be careful in general with the market. Trade with patience. If you have any comment, you can share it with me. Good luck. :)
by UnknownUnicorn17670525
8
HOT / USDT bullish movement is about to happen.Hi every one HOLO / TETHER HOT/USDT has formed a bullish pennant with a Hidden bullish divergence on RSI indicator as well . the chance of bullish movement for HOT is pretty great ! after the Break out the Price can Increase as much as the flag pole! Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Thank you for seeing idea . Have a nice day and Good luck
Long
by CobraVanguard
19