#HNT/USDT - Long - Potential 34.55%

Strategy: Long
Exchange: OKX
Account: Spot
Entry mode: DCA Limit
Invest: 0.5-1%

Target 3 : 2.368
Target 2 : 1.971
Target 1 : 1.850

DCA Entries
Entry 1: 1.758 - 50%
Entry 2: 1.645 - 50%

Stop: 1.430

HNT similar to the FIL coin trade yesterday looks to be triggering interest after flipping its 200MA whilst also being identified by Greyscale as a best in class asset.

A stalwart project and pioneer in the internet of things I also feel HNT has real world application and therefore massive upside in the 2024 bull run.

After a period of consolidation following a downtrend we broke out but failed to find the volume required to pump price. When we did back on the 3rd November price conclusively broke the 20 and 50 MA's which had been capping price growth and has now pushed through the 200MA from a solid support base of buy orders stretching down to 1.356, you could if you prefer adjust your SL to be below these orders (personally I'll keep the SL in place as it first my RR).

TP's are derived from the FIB however TP3 sits the other side of a sell order so again feel free to allocate more to the first two orders or drop the stretch target altogether.

Second DCA entry optional but honestly its likely to be needed with BTC chances of a correction / liquidity dip increasing. If you are highly convinced that BTC dips then you could just wait and enter at 1.645.


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