Everytime HOT formed a triangle it went +250% upward in 10 days. It's the third time that it's going to form another triangle.
There is convincing demand at the bottom of the triangle. So technically it can't go lower. You can buy at the bottom of the triangle(the gray line).
The red line should be your stop loss and the green line is the possible target based on chart's prior behavior.
Notice: everytime after breaking up the triangle there was a consolidation phase. So if price form a ressianstance after breaking up the triangle, just wait and don't panic. At that time you can change your stop loss to under low of the consolidation phase.
Another Notice: I doubt the triangle is formed now. I think there should be another test to diameter of the triangle and another rebound to the bottom. So You Can Wait or just take the risk.
There is convincing demand at the bottom of the triangle. So technically it can't go lower. You can buy at the bottom of the triangle(the gray line).
The red line should be your stop loss and the green line is the possible target based on chart's prior behavior.
Notice: everytime after breaking up the triangle there was a consolidation phase. So if price form a ressianstance after breaking up the triangle, just wait and don't panic. At that time you can change your stop loss to under low of the consolidation phase.
Another Notice: I doubt the triangle is formed now. I think there should be another test to diameter of the triangle and another rebound to the bottom. So You Can Wait or just take the risk.
