$HOT / USDT โ Pullback After Recent High โ Opportunity Brewing? ๐ค
$HOT / USDT is currently trading at $0.001018, down by -5.91% today. Looking at the 4-hour chart, we can see a recent push to a high of $0.001096, followed by a retracement to the current level.
๐ง Potential Trading Scenarios:
* Support Test: The price is currently near a potential support level around $0.001010. Watch if this level holds.
* Potential Rebound: If support is maintained, we might see a move back towards the recent high or even higher. Look for bullish confirmation signals.
* Further Correction Possible: If the $0.001010 level breaks down, we could see further retracement towards the $0.001000 or even lower levels.
๐ Potential Long Entry (If Support Holds): Consider entering around the $0.001010 level with a stop loss placed slightly below it. Target potential resistance levels above.
๐ Potential Short Entry (If Support Breaks): If $0.001010 fails to hold, a short entry targeting lower support levels could be considered.
โ ๏ธ Outlook:
$HOT / USDT has seen a strong upward move followed by a pullback. The reaction at the current support level will be crucial in determining the next direction. Monitor volume and price action closely. Always remember to manage your risk effectively.
HOTUSDT ยท Binance
0.001018 -0.000003 (-0.29%) (based on the last 4 hours)
