🚨 Technical Analysis of $HOT 🚨
📢 Price Overview:
Hot Token ($HOT ) has experienced a recent decline, currently trading at $0.001725, down by 11.99% over the last 24 hours.
📢 Moving Averages (MA) and Trends:
🔻MA(7): $0.001728
🔻MA(25): $0.001735
🔻MA(99): $0.001799
The Moving Averages indicate a bearish trend
🚨Volatility and Trading Volume:
🔺24-Hour High: $0.001973, with a trading volume of 2.08 billion HOT tokens
🔺USDT Volume: $3.79million
----Trading Strategy----
🔴Short Trades: Considering the current downtrend and bearish MA signals, an entry point for a short trade could be around the current price of $0.001725Exercise caution due to the volatility
🟢Long Trades: Monitor for a rebound above $0.001841, which could signal a potential entry point if market conditions stabilize
🚨 you people should conduct further analysis and consider risk management strategies before making any trading decisions it is a good opportunity for short trades don't let it slip