$HOT – Short-term correction after the local peak......rejection near the level of 0.001300
It experienced a sharp rejection near 0.001299 and has since struggled to regain short-term EMAs. The price is now attempting a slight bounce from 0.001175 but remains below the 25 EMA, indicating weak bullish momentum.
Trade Setup – Cautious long trade on breakout or short on rejection:
Long Entry (if there is a breakout): above 0.001230
Stop Loss: below 0.001180
Target 1: 0.001270
Target 2: 0.001310
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Short Entry (if there is rejection at 0.001230):
Stop Loss: above 0.001250
Target: 0.001160 – 0.001120
Monitor the area of 0.001224–0.001230 closely for direction. No need to rush—wait for confirmation.
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