MyCryptoParadise

HOT/USDT Break the Key Area. Upward Momentum ???

BINANCE:HOTUSDT   Holo / TetherUS
πŸ’Ž HOT has indeed captured the market's attention with its recent breakout above a key supply level, signaling the potential for continued upward momentum. Presently, HOT may enter a retesting phase at the demand area, previously a supply zone, at $0.001460.

πŸ’Ž A successful bounce from this level, Probability could see HOT's price move smoothly toward the targeted supply and bearish order block (OB) areas.

πŸ’Ž However, should HOT fail to show bullish rejection during the retest at the demand area, it could indicate an inability to sustain higher prices, leading to a breakdown below this level. Such a scenario would suggest a false breakout, with HOT potentially entering a downward trend towards the next lower demand zone, and possibly retreating all the way back to the key support area.





Trade closed: target reached:
#HOT’s 62.66% rise? Called it!


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