$HOT is up nearly 18%, but the interesting part isn't the green percentage.
Look at what happened after its first spike to $0.000526: price pulled back hard, reached $0.000390, and has now recovered to around $0.000465.
That's the part I'm watching.
$0.000472–$0.000498 is the area HOT needs to reclaim and hold if this recovery is going to become something more.
I'm not chasing the move here. I want to see whether buyers can defend the recovery.
Would you watch HOT for a second leg, or is this just a bounce after an overheated move?
Look at what happened after its first spike to $0.000526: price pulled back hard, reached $0.000390, and has now recovered to around $0.000465.
That's the part I'm watching.
$0.000472–$0.000498 is the area HOT needs to reclaim and hold if this recovery is going to become something more.
I'm not chasing the move here. I want to see whether buyers can defend the recovery.
Would you watch HOT for a second leg, or is this just a bounce after an overheated move?