HOT/USDT Assessing Breakout Potential Above Resistance?๐๐HOT
๐ Paradisers, let's examine #HOTUSDT as it's currently showing an intriguing market behavior. The asset is in the process of challenging a significant resistance level, laying the groundwork for its next strategic move.
๐ Looking back at #HOLO recent journey, we've observed its adherence to a descending channel pattern, followed by a break above. Although
HOT faced a rejection at the robust resistance level of $.0002369, it's gearing up for another breakout attempt. A successful breach of this level could significantly increase the likelihood of an upward trend.
๐ However, there's an important caveat to consider. If #HOT fails to penetrate this strong resistance, it may pivot towards a bullish resurgence from the key support level of $0.001761. Conversely, a decline below this support could indicate the onset of a downtrend, underscoring the need for prudent trading decisions. ๐ด๐ฐ
๐ Looking back at #HOLO recent journey, we've observed its adherence to a descending channel pattern, followed by a break above. Although
HOT faced a rejection at the robust resistance level of $.0002369, it's gearing up for another breakout attempt. A successful breach of this level could significantly increase the likelihood of an upward trend.๐ However, there's an important caveat to consider. If #HOT fails to penetrate this strong resistance, it may pivot towards a bullish resurgence from the key support level of $0.001761. Conversely, a decline below this support could indicate the onset of a downtrend, underscoring the need for prudent trading decisions. ๐ด๐ฐ
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