$HOT
Setup 1: BUY / LONG (Main Setup)
Setup Level
Buy Entry 1 0,0004100 - 0,0004180 (current price, area above the 4H Mid Boll)
Buy Entry 2 (ideal) 0,0003850 - 0,0003900 (4H Mid Boll + 1H Mid Boll, strongest support)
Stop Loss 0,0003600 (slightly below the 24-hour Low, and below the 4H Lower Boll)
Take Profit 1 0,0004407 (4H Upper Boll)
Take Profit 2 0,0004785 (24-hour High)
Take Profit 3 0,0005100 (area before the dump to 0,0005980)
Risk : Reward About 1 : 2,6 if entering at 0,0003850
Condition: This setup remains valid as long as the 4H candle does not close below 0,0003853. If it closes below that level, the rebound has failed.
Setup 2: SELL / SHORT (Setup If Breakout Fails)
Don't Short now, because the MACD has just had a golden cross. Short only if the price fails to break through the Upper Boll.
Setup Level
Sell Entry 0,0004400 - 0,0004450 (if the price is rejected at the 4H Upper Boll and a long red candle appears on the 1H)
Stop Loss 0,0004620 (above the 4H Upper Boll)
Take Profit 1 0,0003853 (4H Mid Boll)
Take Profit 2 0,0003464 (24-hour Low)
Risk : Reward About 1 : 2,1
Required condition: Wait for a rejection first. If the price breaks through 0,0004407 with rising volume and the 4H candle closes above it, cancel the Short; instead, continue Long toward TP2.
My plan:
Scale into LONG at 0,0004100 - 0,0004180 and 0,0003850 - 0,0003900, SL 0,0003600, TP 0,0004407 / 0,0004785 / 0,0005100
SHORT only if the price fails to break through 0,0004407, target 0,0003853
Remember, this is Perp, so use low leverage. Vol 139M, price movements can be wild.
Are you on team buying the HOT dip at the Mid Boll or team waiting for a breakout above 0,0004407? Comment below. DYOR
#HOT #HOTUSDT #Crypto
Setup 1: BUY / LONG (Main Setup)
Setup Level
Buy Entry 1 0,0004100 - 0,0004180 (current price, area above the 4H Mid Boll)
Buy Entry 2 (ideal) 0,0003850 - 0,0003900 (4H Mid Boll + 1H Mid Boll, strongest support)
Stop Loss 0,0003600 (slightly below the 24-hour Low, and below the 4H Lower Boll)
Take Profit 1 0,0004407 (4H Upper Boll)
Take Profit 2 0,0004785 (24-hour High)
Take Profit 3 0,0005100 (area before the dump to 0,0005980)
Risk : Reward About 1 : 2,6 if entering at 0,0003850
Condition: This setup remains valid as long as the 4H candle does not close below 0,0003853. If it closes below that level, the rebound has failed.
Setup 2: SELL / SHORT (Setup If Breakout Fails)
Don't Short now, because the MACD has just had a golden cross. Short only if the price fails to break through the Upper Boll.
Setup Level
Sell Entry 0,0004400 - 0,0004450 (if the price is rejected at the 4H Upper Boll and a long red candle appears on the 1H)
Stop Loss 0,0004620 (above the 4H Upper Boll)
Take Profit 1 0,0003853 (4H Mid Boll)
Take Profit 2 0,0003464 (24-hour Low)
Risk : Reward About 1 : 2,1
Required condition: Wait for a rejection first. If the price breaks through 0,0004407 with rising volume and the 4H candle closes above it, cancel the Short; instead, continue Long toward TP2.
My plan:
Scale into LONG at 0,0004100 - 0,0004180 and 0,0003850 - 0,0003900, SL 0,0003600, TP 0,0004407 / 0,0004785 / 0,0005100
SHORT only if the price fails to break through 0,0004407, target 0,0003853
Remember, this is Perp, so use low leverage. Vol 139M, price movements can be wild.
Are you on team buying the HOT dip at the Mid Boll or team waiting for a breakout above 0,0004407? Comment below. DYOR
#HOT #HOTUSDT #Crypto
