HOTBTC: Potential Long Scenario (Risky)

HOT is currently testing support at 768 fib. Provided it holds, we could see a strong move to the upside over the coming weeks.

Targets set at 36, 43, and 49sats.

If the 20sat level doesn't hold, HOT could go down as far as 14sats for a 100% retrace.

Strong buy under 17sats.

Kommentar:

So, we broke out but fell at the first hurdle...

Looks as though we've failed the retest, so this is invalid.

Kommentar:

14 sats is the next level I'll be watching, very strong support down there.

I still like the look of HOT long-term.