$HOT

$/USDT Technical Analysis and Trade Signal with Three Target levels and Trade Momentum 🚀🎯

Technical Analysis:

Current Price: 0.003329 (+14.24% in 24h)

Bollinger Bands:

Upper: 0.003361

Middle: 0.003198

Lower: 0.003035

SAR (Stop and Reverse): 0.003163

Support: 0.003035 (lower Bollinger Band)

Resistance: 0.003400 (24h High)

Trade Momentum:

The price is currently trending above the middle Bollinger Band (0.003198), which indicates a bullish momentum.

The SAR (0.003163) is below the current price, further supporting the bullish outlook.

The market depth shows significant buying interest (19.08% dominance), indicating continued bullish pressure.

Trade Signal:

Buy Signal:

Entry: 0.003300 – If price remains above the middle Bollinger Band and the SAR.

Target Levels:

Target 1 (T1): 0.003400 (Resistance from the 24h high)

Target 2 (T2): 0.003500 – Psychological resistance level and a natural extension.

Target 3 (T3): 0.003600 – A further extension based on price action trends.

Stop Loss:

Stop Loss: 0.003050 – Below the lower Bollinger Band, to safeguard against reversal risk.

Momentum Analysis:

Momentum: The upward momentum is intact as the price is above the middle Bollinger Band and the SAR is suggesting a continuation.

Risk: If the price dips below 0.003198 (middle Bollinger Band) or the SAR flips, consider re-evaluating the trade.

Summary:

Buy at 0.003300 with a target at 0.003400, 0.003500, and 0.003600.

Stop Loss: 0.003050.

Bullish momentum is currently strong, but a pullback below 0.003198 could signal a reversal. Keep an eye on market depth and price action for further confirmation.

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