LIVE$HOT /USD Chart Analysis - 1H ๐
Holo ($HOT) is on an upward trend, making higher highs (HHs) and higher lows (HLs) on the 1-hour chart. The price has recently broken above the previous high with strong momentum, suggesting that the upward trend will continue.
Trade Setup ๐ ๏ธ
Entry Point: $0.00238 ๐
Buy at $0.00238 as the price is expected to keep rising.
Target: $0.00254 ๐ฏ
Aim to sell at $0.00254, the next resistance level.
Stop Loss (SL): $0.00228 ๐ก๏ธ
Set a stop loss at $0.00228 to protect against losses if the price drops.
use 3% wallet size only
Key Points ๐
Uptrend:
The price is moving up, forming higher highs and higher lows.
Strong Momentum:
The price has broken past previous resistance levels.
Risk Management:
A stop loss at $0.00228 helps minimize potential losses, while the target at $0.00254 provides a good profit opportunity.
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