HOT Token: 12-Hour Chart Analysis

7天前

Key Observations: HOTUSDT
Market Structure: The price is trading within a defined range, showing consolidation with minor deviations.
Recent Movements:
A local high was formed, followed by a retracement to the midline of the range.
Potential for further deviations around key support or resistance zones.
Indicators:
My Trade On indicator suggests caution, as signals have aligned with resistance levels.
No clear confirmation of a significant inflow or outflow of capital on the Money Power indicator yet.
Awaiting a test of the Buy Line on my Take Profit indicator for potential confirmation of an upward move.
Expectations:
Awaiting a test of the range's lower boundary for potential accumulation.
Watching closely for bullish signals to indicate the next upward move.

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