HOT just took a sharp hit: around 22:10, it fell 4.3% in five minutes on volume about 2.4 times the average. It remains weak after the high-volume drop. Binance HOTUSDT perpetual is now around 0.000475, down roughly 11% over 24 hours, with a daytime high near 0.000574 and low near 0.000458—it's given back gains all the way from the highs, so don't rush to buy the dip.
I'm bearish and would reduce on a rebound, with moderate confidence. The 15-minute trend is still downward, so treat any rebound as an opportunity to reduce positions or test a short. If keeping the position small, wait for resistance around 0.000490 before trying a short, with a stop-loss above 0.000520. The first target is the recent low near 0.000458; if that breaks, look toward 0.000450. If it fails to push through 0.000490 and turns lower, then breaks 0.000470, you could add a small short position. Conversely, if it climbs back above 0.000520 on strong volume and holds there, close shorts and don't stubbornly hold on. Keep your position size small.
I'm bearish and would reduce on a rebound, with moderate confidence. The 15-minute trend is still downward, so treat any rebound as an opportunity to reduce positions or test a short. If keeping the position small, wait for resistance around 0.000490 before trying a short, with a stop-loss above 0.000520. The first target is the recent low near 0.000458; if that breaks, look toward 0.000450. If it fails to push through 0.000490 and turns lower, then breaks 0.000470, you could add a small short position. Conversely, if it climbs back above 0.000520 on strong volume and holds there, close shorts and don't stubbornly hold on. Keep your position size small.
