In 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!
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!
Comment:
Price didn't form a cup & handle pattern but it shows support in blue rectangle. You can buy at the very bottom of the blue rectangle and set your stop loss under rectangle. Notice buy at the VERY BOTTOM and stay to your stop loss. because it can form a double top and go for a downtrend.
