FieryTrading

🔥 HOT 1-Year Descending Triangle

Long
BINANCE:HOTUSDT   Holo / TetherUS
With stocks reversing and BTC appearing slightly bullish , there's a decent probability that the 4400 support will hold. In that case, HOT has formed an (almost) 1-year descending triangle .

I'd expect a move towards the top resistance of the triangle at the very least over the next couple of months. If BTC remains bullish , making a new all-time high or something like that, HOT can break out on the bullish side and make a move towards a new all-time high.

However, for now we're aiming for a lower high.

Happy trading!

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