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Huobi Token (HT) - December 20

HUOBI:HTUSDT   None
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Touched all support zones and climbed.
We have to see if we can use this force to break above the uptrend line (1).

To do that, we have to climb above the 4.2735 point and see if we can get support.

If it falls at 4.0244, it is a short-term Stop Loss.

If you are supported at 4.6556, it is a possible entry point.
We need to see if we can add this force to break above the downtrend line (3).

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** All indicators are lagging indicators.
So, it's important to know that the indicator moves accordingly with the movement of price and volume.
Just for convenience, we are talking upside down for interpretation of the indicators.
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.

Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment

(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You should trade from a short-term investment perspective.)


[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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