$HOT USDT BEARISH REVERSAL AFTER SPIKE 🚨
After a sharp vertical breakout, $HOT faced heavy selling pressure near 0.001133 and quickly retraced. The strong wick at the top signals profit-taking and exhaustion, hinting at a potential short-term bearish reversal if buyers fail to regain momentum.
Trade Setup:
Entry (Short): 0.001080 – 0.001090
Take Profit 1: 0.001050
Take Profit 2: 0.001020
Stop Loss: 0.001135
Market Outlook:
Momentum is cooling off after a strong pump. If $HOT closes below 0.001060, more downside can be expected. Bulls need to reclaim 0.001110 to regain control, otherwise sellers are likely to dominate in the next move.
