Heliumâs HNT $HNT has become one of the biggest movers in the market after an explosive rally.
The move has been linked to real-world adoption news, including Celina, Texas integrating municipal Wi-Fi with the Helium Network, alongside heavy volume and short-squeeze activity.
This is exactly the kind of move that attracts traders.
But hereâs the problem:
After a 100%+ move, entering simply because the chart is green can be dangerous.
Iâm looking for the next setup, not the candle that already happened.
đą Bullish setup:
Pump â pullback â support holds â higher low â volume returns.
That structure would be much more attractive to me than buying after a vertical move.
đŽ Bearish setup:
If the breakout completely fails and HNT loses the support created during the rally, the short squeeze could unwind quickly.
Real-world adoption makes the narrative interesting, but momentum alone doesnât guarantee continuation.
My plan:
đą Breakout + successful retest = interesting
đą Healthy pullback + higher low = interesting
đŽ Breakdown of support = caution
đĄ No clear structure = no trade
Would you trade HNT after this move?
đ Buy the pullback
đ Buy the breakout
đŽ Short the breakdown
đĄ Stay away
DYOR. Donât confuse momentum with guaranteed upside.