HNT breaking out of reverse H&S pattern. Currently retested and squeezing inside a pennant in 15 mins chart. Wait for the breakout of the pennant to enter.
Use the next resistance level as Target.
This is not financial advice please DYOR
$HNT long under $22 forming upside momentum very strong project for long term in short term you can open long position. Take profit at 25.50, 26.20 and so on as shown on chart. Put Stop loss around 20.5.
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BINANCE:HNTUSDTPERP just bounced off the descending wedge resistance level and right above it there's a strong 200 EMA resistance level as well.
Furthermore, a bearish divergence has been formed on RSI & VPVR shows significant volume as being at a much lower price.
Short position has been placed. I know the risk:reward ratio it's not ideal but the market has...
Thank you for taking time to read this if you ever saw this post.
For the past of couple of days... I have been trading $HNT.
The swings and lows are really great.
In this trade idea, I entered at EMA20 8H around 23.08. Looking to exit at next swing high or resistance.
I will close position in previous swing high or resistance.
HNT is in sideways mode for so long and tested its critical support multiple times during that time frame. Now 9 21 and 55 EMA crossover in 1 Hour time frame. Hopefully price will move up from now on up to targets mentioned in the chart.
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Disclaimer: This is not a financial advise. All charts shared are for...