Breaking News

HOT/USDTPERP Potential Upward Movement

HOT/USDTPERP Long-Term Trend: Bullish

Key Resistance Levels: 0.012332, 0.016422, 0.016500.

Key Support Levels: 0.009731, 0.008659, 0.008600.

Daily Chart:

The price on the higher time frame failed to break the 0.009731USDT mark and reversed higher where it posted higher lows. The market as well showed a bullish bar with a long wick to the downside indicating that the buyers are in control.

HOT/USDTPERP Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the price posted a double bottom formation which led to a reversal and a move higher. A lower correction could be seen to the highlighted zone before a new bullish impulsive wave toward the target profit.

Signal Idea:

Buy Limit Order @ 0.010424

TP 1 @ 0.012309

TP 2 @ 0.016422

Stop Loss @ 0.009873

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download My Free Robot

Get your Robot Now!






Free Robot!