HoloChain (HOT) Bullish Setup!! Trade Analysis: 32% - 250%
Here is the chart on HoloChain. The red lines are resistance levels, the blue are support levels, and green lines are take profit levels (also resistance).
My Entry: 16-17 satoshis
SL: Close below 16 sats (local support)
Take Profit 1: 24 sats ... I will sell 33% here
Take Profit 2: 28 sats ... I will sell between half and all of my remaining position here! I may look to re-buy. Will update.
Awesome Zone: around 40 sats, all the way to 50 sats. This is the best case scenario that I can see HOT getting to. Beautiful 2.5x trade in this case.
(Bonus!) Scalp Take Profit: 20 sats (only if you want to sell and try to rebuy around 18. Risky!)
For the Scalp traders, Look up the "Cup and Handle" formation, because that's what you're GAMBLING on when you scalp a bullish setup :)
Hello all, I hope you enjoy looking at my simple trade setup for HoloChain. Fundamentally, I like their team, their mission, and their overall image. It is clean, modern, and they know how to hype the crowds. There is some strong community involvement on Twitter. It just gives me that tingly feeling that makes me want to take a chance on it.
My trade setup this time is simple. I have identified the obvious resistance levels and support levels based on what little price history I have to go off (this is a newer coin). I will set alerts on my Delta app when price reaches 1-2 sats below our Target. I will then tune in to see if I should sell a satoshi lower than the price target, as other traders will often set orders at these more obvious targets as well, and there may not be enough buyers at that level to fill your sell order :) so I'll gladly lose a few profit points and sell at 23 sats if that's what it takes. Trade the way that works for you!! But caution and securing profits is highly important, and at 23 satoshis we will already have made a 27% profit!! Do not be greedy.
Okay that is all for now. Thank you for tuning in. Let's see how this trade plays out :)
NOTE: HoloChain is NOT a cheap coin!! It is currently ranked 46th on CoinMarketCap! So don't let the low sats fool ya :) Still plenty of upside but bet your biscuit it can go a lot further down than up if the market permits.
Always trade with caution and care, as this is still a highly volatile market! Good luck :)
Oh, and for everyone posting "Bitcon new uptrend!" or "Bitcoin to 10K?!?!", please calm down, price still hasn't broke 6.6k let alone 7k. This is the kind of stuff that's going to get us REKT and send us to 4k or 5k. Lord. Best of luck.
My Entry: 16-17 satoshis
SL: Close below 16 sats (local support)
Take Profit 1: 24 sats ... I will sell 33% here
Take Profit 2: 28 sats ... I will sell between half and all of my remaining position here! I may look to re-buy. Will update.
Awesome Zone: around 40 sats, all the way to 50 sats. This is the best case scenario that I can see HOT getting to. Beautiful 2.5x trade in this case.
(Bonus!) Scalp Take Profit: 20 sats (only if you want to sell and try to rebuy around 18. Risky!)
For the Scalp traders, Look up the "Cup and Handle" formation, because that's what you're GAMBLING on when you scalp a bullish setup :)
Hello all, I hope you enjoy looking at my simple trade setup for HoloChain. Fundamentally, I like their team, their mission, and their overall image. It is clean, modern, and they know how to hype the crowds. There is some strong community involvement on Twitter. It just gives me that tingly feeling that makes me want to take a chance on it.
My trade setup this time is simple. I have identified the obvious resistance levels and support levels based on what little price history I have to go off (this is a newer coin). I will set alerts on my Delta app when price reaches 1-2 sats below our Target. I will then tune in to see if I should sell a satoshi lower than the price target, as other traders will often set orders at these more obvious targets as well, and there may not be enough buyers at that level to fill your sell order :) so I'll gladly lose a few profit points and sell at 23 sats if that's what it takes. Trade the way that works for you!! But caution and securing profits is highly important, and at 23 satoshis we will already have made a 27% profit!! Do not be greedy.
Okay that is all for now. Thank you for tuning in. Let's see how this trade plays out :)
NOTE: HoloChain is NOT a cheap coin!! It is currently ranked 46th on CoinMarketCap! So don't let the low sats fool ya :) Still plenty of upside but bet your biscuit it can go a lot further down than up if the market permits.
Always trade with caution and care, as this is still a highly volatile market! Good luck :)
Oh, and for everyone posting "Bitcon new uptrend!" or "Bitcoin to 10K?!?!", please calm down, price still hasn't broke 6.6k let alone 7k. This is the kind of stuff that's going to get us REKT and send us to 4k or 5k. Lord. Best of luck.
Comment:
Also... if price breaks that 16 sat support, I'm not going to try and predict where it will stop. Sure, I could guess and say 12 sats, as that to me is most likely. But I am going to let the market decide that price point and wait for consolidation.
Comment:
I'm getting a little weirded out by BTC at the moment... this trade may not come to fruition yet. Currently sitting at 17 sats still, but I am weary.
Comment:
Okay, well, this is quite embarrassing but this is not the correct chart...
This chart is for HOT as in Hydro Protocol. Coincidentally, their numbers lined up really well with HOT HoloChain's numbers (18 sats vs 180 sats).
Lol, I should have known better but I just wanted to put this out. Will update with a new chart
This chart is for HOT as in Hydro Protocol. Coincidentally, their numbers lined up really well with HOT HoloChain's numbers (18 sats vs 180 sats).
Lol, I should have known better but I just wanted to put this out. Will update with a new chart
Comment:
Targets 1 and 2 Reached!
The true "Awesome Zone" should be located between 40 and 50 sats. When a coin runs up that much, price will be very volatile, and both traders and investors alike should look to close trades and lock-in profits. Try not to be too greedy :)