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. :)
I bought at 0.026$ then 0.022$ , 0.019$ , 0.014 $, 0.010$ and 0.0095.I will hodl for sure, hot has huge potential in my opinion.
UnknownUnicorn17670525
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@coindown probably buy even lower again to make your average better as it can drop a little bit again, however, in general, i share the same opinion about HOT :)
coindown
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@Thesnakelord, at the moment i have my eyes on BTC,also people must understand that supporting a crypto project and want to make profits right away from a crypto project is just two different thinks.Selling all the bag in the first opportunity and praying to go down again to do the same is not supporting the project.HOT is for long and not because i say so.If people get the time to read about it they will see my point.Have a good weekend.
shikov
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i bouth HOT at 0.0205 before the crash and my bag is still full, i didnt sell anything till now, do you think that it will go up to that level on the long term?
RasaKis
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@shikov, sure it will, soon will be released Elemental Chat, team will announce a lot of news soon... In long run you will be ok for sure ;)
UnknownUnicorn17670525
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@shikov No denial it can and it will, just be patient, I have bought in that level too, just let it cool off a bit, market has been mad recently, but HOT in long is going to be very profitable :)
UnknownUnicorn17670525
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@RasaKis they are a little behind with some updates, however I share the same opinion about the long run, it seems to form a very huge parabolic move in the price :) I hope it does not close below the red line, if it closes up, just sit and enjoy the ride :)