HOTUSDT is testing 0.5 Fibonacci level 🦐After a very nice bull run, the price is testing 0.5 Fibonacci Level. IF the price will have a breakout from descending channel, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
HOTUSDT.P trade ideas
$HOT Swing play for wave 5. HOT Swing play might come to fruition in the next 24 hours. I expect more correction to come. I will be looking to enter a long between the 0.5 and the 0.55 fib range, which coincides with the powerful 4H 200 EMA support (expect a wick to the 0.01515 range).
You can ladder in a bit more if we drop to the 618 fib range, but suggest putting a SL below the 666 fib.
Entry point in +250% uptrend HOTUSDTIn my previous idea I found a trend reversal and a +250% target for HOTUSDT. Reversal happened and uptrend started. You can take a look at that.
Now I see an entry point in form of a cup and handle pattern, to uptrend. I showed everything graphically on the chart.
You can sell on each target you want but notice that it can go higher even than the third target. So if you are a long runner I suggest you to hold.
Based on Volume Profile indicator, there is a massive selling pressure on our first target. People who went long in the baseline of downtrend channel a few days ago, are going to close their positions on our first target; And short runners who went long with me last day. So I think it's hard for HOTUSDT to break that line and there going to be a consolidation phase.
Caution: Price Might form a cup & handle pattern. But it's not formed yet. DON'T ENTER EARYLY!
HOT/USDT - Future (LONG)HOT/USDT
Binance future (LONG)
Leverage : 10x-20x (cross)
Entry price : Shown on Chart.
Take profits : (% of each target is shown on chart.(
TARGET 1 : $0.01900
TARGET 2 : $0.01950
TARGET 3 : $0.02010
TARGET 4 : $0.02100
TARGET 5 : $0.02160
TARGET 6 : $0.02220
TARGET 7 : $0.02300
Stop loss : $0.013
USE MAX 10% OF FUNDS
@a_madan