Trading Signal For
$HOT Entry Range: $0.00163 - $0.00167
Action: Sell 📉
SL (Stop Loss): $0.00172
TP 1: $0.00158
TP 2: $0.00152
TP 3: $0.00145
🥂 Trade Here
$HOT 🚨 Note: Trade at your own risk. DYOR.
Analysis of the Short Trade Setup & Why Investors Should Follow It:
Bearish Momentum: HOT is down -2.32% in the last 24 hours, reflecting weak price action.
Lower Highs & Resistance Near $0.00167 - $0.00172: A rejection at this level suggests sellers are in control.
Declining Volume (-8.04%): Reduced buying interest means bulls are losing strength.
Market Cap vs. Volume Ratio (3.41%): A low ratio indicates weak liquidity and difficulty in sustaining an uptrend.
Technical Indicators:
RSI in a Downtrend – Suggests increasing bearish pressure.
EMA Resistance (~$0.0017) – Price struggling to break key moving averages.
This setup provides a high-probability short trade, capitalizing on further downside while managing risk with a tight stop-loss.
Reversal Possibility Trade Setup (Bullish Scenario) -
If HOT breaks and holds above $0.00172 with strong volume, consider a long trade:
Entry Range: $0.00172 - $0.00175
Action: Buy 📈
SL: $0.00162
TP 1: $0.00180
TP 2: $0.00188
TP 3: $0.00195
Reason for Reversal Possibility -
Breakout Above Resistance ($0.00172): A strong move above this level could trigger short liquidations and shift momentum bullish.
Increase in Buy Volume Needed: If volume starts increasing along with price, it may indicate accumulation.
RSI Reclaiming Neutral Zone (50+ Level): A shift in RSI could indicate growing bullish strength.
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