Analysis and Comment:
1. Graph and Targets
• The HOLO (HOT) coin price movement is examined in the image. The chart shows that a medium-term contracting triangle formation has broken upwards.
• The target price area is set at 0.0145 USDT, which indicates a potential upside of approximately 93% from current levels.
2. Support and Resistance Levels
• Support Levels:
• 0.0026 USDT (significant support, worked as resistance before the rally).
• 0.0020 USDT (formation lower limit).
• Resistance Levels:
• 0.0045 USDT (first significant resistance).
• 0.0070 USDT (strong resistance within the formation).
• 0.0145 USDT (final target).
3. Indicators
• Volume: It increased during the formation breakout, which is a positive signal in terms of confirmation of the rise.
• RSI: It may be approaching the overbought region, it should be monitored carefully.
• Bollinger Bands: Indicates that volatility may increase in an upward expanding trend.
4. Formations and Turns
• Triangle Formation: An upward breakout has occurred.
• Breakout Target: An increase equal to the width of the formation is targeted. This is approximately a 93% movement.
5. Trend Analysis
• Short Term: Upward trend prevails.
• Medium Term: Entry into an uptrend with the breaking of the formation.
• Long Term: If the 0.0145 resistance is exceeded, higher levels can be targeted.
6. Strategic
• Acquisition Strategy:
• By making some purchases at current levels, the 0.0026 level can be used as a stop-loss.
• For gradual purchase, the 0.0026-0.0020 band can be considered.
• Kâr Alma:
• First take profit zone is 0.0070 USDT.
• Second take profit zone 0.0145 USDT.
• Risk Management:
• It is important to cut losses if the level drops below 0.0020.
7. General Comment
• The formation and volume supporting the upward movement of the HOLO coin present a positive picture for investors.
• However, since market conditions are open to sudden changes, risk management should be implemented. In particular, support levels should be closely monitored in case the formation deteriorates.