🟢📢 Trading Signal for Holo / TetherUS (12h Chart)

Signal Type: Bullish 📈

Chart Pattern:

• Price has successfully broken out of the down channel, suggesting a potential shift from a bearish to a bullish trend. 🔄

• The breakout indicates momentum towards higher levels. 📊

Key Levels:

• Immediate Support: $0.001724 (green shaded area) 📉

• Potential Resistance Levels:

• First Target: $0.001957 🔒

• Second Target: $0.002135 🚀

Technical Indicators:

• RSI (Relative Strength Index): Currently at 63.07, indicating strong buying momentum without being overbought. 📈

• Moving Averages: The price is moving above the moving average, indicating positive momentum. 🔄

Trade Setup:

• Entry Point: Enter at the breakout point around $0.001806 after confirming the breakout with volume. 🎯

• Stop Loss: Set a stop loss below the support area, around $0.001546, to manage downside risk. ⚠️

• Take Profit: Consider taking partial profits at the first target $0.001957 and the rest at $0.002135. 🏆

Risk Management:

• Use proper position sizing to manage risk, and monitor the trade as it progresses toward resistance levels. 📉

Disclaimer:DYOR and NFA.

$HOT

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