🚨 $HOT WARNING — THIS RALLY COULD BE A TRAP FOR LATE BUYERS! 📉
While retail traders are chasing green candles, I’m watching something far more concerning.
$HOT is showing signs of exhaustion right where sellers want it.
📊 HERE’S WHAT I’M SEEING:
🔴 $0.00045–$0.00046: A critical supply zone where repeated rejection suggests sellers remain in control.
🔴 Declining Open Interest: Traders are reducing exposure rather than aggressively building new positions.
🔴 Persistent Futures Selling: Selling pressure remains elevated, making this recovery increasingly fragile.
🎯 MY BEARISH SCENARIO:
If HOT fails to reclaim resistance, I’m watching for a potential breakdown toward:
📉 Target 1: $0.00040
📉 Target 2: $0.00035
That’s approximately 22% downside from $0.00045 if the second target is reached.
⚠️ Invalidation: A confirmed breakout above $0.000465 would weaken my bearish thesis.
MY STRATEGY?
I’m not chasing this pump. I’d rather wait for a confirmed rejection before considering a SHORT.
Remember: Not every recovery is the beginning of a bull run. Sometimes, it’s just an opportunity for trapped holders to exit.
$HOT bulls, be careful. The next move could catch late buyers off guard. 👀📉
While retail traders are chasing green candles, I’m watching something far more concerning.
$HOT is showing signs of exhaustion right where sellers want it.
📊 HERE’S WHAT I’M SEEING:
🔴 $0.00045–$0.00046: A critical supply zone where repeated rejection suggests sellers remain in control.
🔴 Declining Open Interest: Traders are reducing exposure rather than aggressively building new positions.
🔴 Persistent Futures Selling: Selling pressure remains elevated, making this recovery increasingly fragile.
🎯 MY BEARISH SCENARIO:
If HOT fails to reclaim resistance, I’m watching for a potential breakdown toward:
📉 Target 1: $0.00040
📉 Target 2: $0.00035
That’s approximately 22% downside from $0.00045 if the second target is reached.
⚠️ Invalidation: A confirmed breakout above $0.000465 would weaken my bearish thesis.
MY STRATEGY?
I’m not chasing this pump. I’d rather wait for a confirmed rejection before considering a SHORT.
Remember: Not every recovery is the beginning of a bull run. Sometimes, it’s just an opportunity for trapped holders to exit.
$HOT bulls, be careful. The next move could catch late buyers off guard. 👀📉
