$HOT : A Potential Short Setup With Four Downside Targets
HOT is approaching a key resistance area, where a bearish rejection could create an opportunity for a short-term downside move.
HOTUSDT | SHORT
Entry: $0.0004870–$0.0004910
TP1: $0.0004800
TP2: $0.0004720
TP3: $0.0004640
Final Target: $0.0004550
Stop Loss: $0.0005025
The reported price of $0.0004895 places HOT inside the proposed entry zone.
The bearish scenario depends on sellers defending the $0.0004980–$0.0005020 resistance area.
A confirmed rejection could open the way toward the first target, followed by a potential extension to $0.0004550.
However, a sustained recovery above resistance would weaken the setup.
The key is confirmation, not chasing the entry.
Would you consider the short at resistance or wait for a breakdown?
$HOT
#CryptoTrading #altcoins
HOT is approaching a key resistance area, where a bearish rejection could create an opportunity for a short-term downside move.
HOTUSDT | SHORT
Entry: $0.0004870–$0.0004910
TP1: $0.0004800
TP2: $0.0004720
TP3: $0.0004640
Final Target: $0.0004550
Stop Loss: $0.0005025
The reported price of $0.0004895 places HOT inside the proposed entry zone.
The bearish scenario depends on sellers defending the $0.0004980–$0.0005020 resistance area.
A confirmed rejection could open the way toward the first target, followed by a potential extension to $0.0004550.
However, a sustained recovery above resistance would weaken the setup.
The key is confirmation, not chasing the entry.
Would you consider the short at resistance or wait for a breakdown?
$HOT
#CryptoTrading #altcoins
