$HOT 12-Hour Chart Analysis

Key Observations:

Market Structure: The price is trading within a defined range, showing consolidation with minor deviations.

Recent Movements:

A local high was formed, followed by a retracement to the midline of the range.

Potential for further deviations around key support or resistance zones.

Indicators:

My Trade On indicator suggests caution, as signals have aligned with resistance levels.

No clear confirmation of a significant inflow or outflow of capital on the Money Power indicator yet.

Awaiting a test of the Buy Line on my Take Profit indicator for potential confirmation of an upward move.

Expectations:

Awaiting a test of the range's lower boundary for potential accumulation.

Watching closely for bullish signals to indicate the next upward move.