Anticipating this to retest the previous resistance at 0.025 in the short-term. MACD crossing bullish on the 4hr and RSI seems oversold....however on the longer time frames it still looks bearish. Good luck!
2nd target: 0.032 Moon target: 0.048
Please hit LIKE if you agree 😊 Not trading advice
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HOT seems to be ranging in its current channel. It has found pretty strong support around the 0.17 price level. I anticipate for this to work its way up to 0.21ish. If the volume is present we should see it break above and move towards the top of the channel (0.25-0.26) and beyond.
Well, considering it might be a btc blockchain replacer this holo can surprise the world in 10 years ;)
Visionary
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@Djaysmallz, Are you insinuating that I should double my position? 🤔
dantje7
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Rode that recent consolidation hard. Are you continuing to DCA into the support lines or just riding it upward?
Visionary
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@dantje7, Personally I like to swing trade it ideally. If the coin I'm dealing with has sound fundamentals coupled with technicals, then I'll generally hold some. This coin isn't one of those for me, only because I don't know much about it fundamentally. I won't dispute a good dollar cost average strategy either 👍. Thank you for the feedback 🙏
dantje7
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@Visionary, legend. Thoughts on the current HOT position?
its ranging in what looks like a bullish falling wedge. It'll test the bottom of this channel or break below (I doubt this). If it holds it should bounce back towards the top of the channel and hopefully we'll get a break for above.