HOTUSDT.P trade ideas
$HOT Swing play for wave 5. HOT Swing play might come to fruition in the next 24 hours. I expect more correction to come. I will be looking to enter a long between the 0.5 and the 0.55 fib range, which coincides with the powerful 4H 200 EMA support (expect a wick to the 0.01515 range).
You can ladder in a bit more if we drop to the 618 fib range, but suggest putting a SL below the 666 fib.
Entry point in +250% uptrend HOTUSDTIn 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!
HOT/USDT - Future (LONG)HOT/USDT
Binance future (LONG)
Leverage : 10x-20x (cross)
Entry price : Shown on Chart.
Take profits : (% of each target is shown on chart.(
TARGET 1 : $0.01900
TARGET 2 : $0.01950
TARGET 3 : $0.02010
TARGET 4 : $0.02100
TARGET 5 : $0.02160
TARGET 6 : $0.02220
TARGET 7 : $0.02300
Stop loss : $0.013
USE MAX 10% OF FUNDS
@a_madan