Since the major dump earlier this year, HOT has formed a nice ascending wedge for us to trade.
Classically, ascending wedges are bearish break out patterns. However, the crypto market is still bullish on the longer timeframes, so no need to call for a strong bearish move yet.
I'm looking at the yellow circled area. This area will either cause a strong reversal, or a bearish break out. I'd advise to wait for either to happen before making a trade.
In case of a bullish move, $0.0165 is the target. Bearish target placed at $0.009.
Happy trading!
Classically, ascending wedges are bearish break out patterns. However, the crypto market is still bullish on the longer timeframes, so no need to call for a strong bearish move yet.
I'm looking at the yellow circled area. This area will either cause a strong reversal, or a bearish break out. I'd advise to wait for either to happen before making a trade.
In case of a bullish move, $0.0165 is the target. Bearish target placed at $0.009.
Happy trading!
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
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這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。