Hey guys, here with another analysis. HOTUSDT been waiting for it to reach this area for some time and we are here. Please do like, comment and follow for more if you want more analysis like this.
Daily, we can see it has come to this S/R area where I havent seen a bullish candle yet, but I see exhaustion of sellers. Better confirmation would be to wait for the daily bullish candle to form then entering.
Coming down to H1 we can see bulls are trying to get in and I have entered already. If you trade futures, then please use small leverage 5x etc. or you can just buy on spot with some of your capital and hold it. The target I showed you is about 70%. But i see it going to at least $0.04. Please know that I have taken a aggressive entry.
Please if you do enter, use proper risk management because crypto can be really volatile. This is just an analysis, enter if your rules are met, I am just showing you a potential trade which can bring profit. Bye :)
Daily, we can see it has come to this S/R area where I havent seen a bullish candle yet, but I see exhaustion of sellers. Better confirmation would be to wait for the daily bullish candle to form then entering.
Coming down to H1 we can see bulls are trying to get in and I have entered already. If you trade futures, then please use small leverage 5x etc. or you can just buy on spot with some of your capital and hold it. The target I showed you is about 70%. But i see it going to at least $0.04. Please know that I have taken a aggressive entry.
Please if you do enter, use proper risk management because crypto can be really volatile. This is just an analysis, enter if your rules are met, I am just showing you a potential trade which can bring profit. Bye :)