HNT - Trend-Following Buy Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
HNT is overall bullish and now approaching the lower bound/brown trendline, so we will be looking for buy setups.
Moreover, the zone 20.0-25.0 is a resistance turned into support.
on DAILY: HNT is forming a wedge pattern in blue but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, HNT would be overall bearish can still trade lower inside the horizontal support in green, where we will be looking for new buy setups to form.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
