zsamochin

HNT about to break its ATH

Long
BINANCE:HNTUSDT   HNT / TetherUS
HNT has been trading in the same upward channel for all of 2021. It bounced off its lower trend line a week ago and has recovered . It is currently meeting resistance at its previous ATH daily close at $18.50. I expect it to close well above this today and to continue its breakout. MACD is looking good and it seems that HNT is going to $30 in the next couple of weeks. If everything in the market stays bullish over May my price target is at $42; a price that is well within the channel after mid-May.

Stop loss should be set to a daily close under the trend line . 3:1 risk/reward if it goes to $30 or under $15 (in the very short term).

Have fun, trade at your own risk.

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