HNT is currently in its all-time highs. If bulls manage to defend 19.52 level and push the price up from here, we may see a big breakout and further growth on higher timeframes.
MFI bullish divergence is visible on 4h timeframe.
The idea is invalidated if price falls down to the bottom trendline of the channel.
I'm not a big fan of making entries in the middle of a formation, but in this case I'll take the risk:
- Entry: 19.64 (current price) --SMALL POSITION SIZE!!
- Adding more if there's more consolidation above 19.52
- Adding more after breakout
TP1: 24.86
TP2: 26.35
TP3: 29.05
TP4: OPEN++
Remember about risk management, especially that BTC has been quite volatile lately.
MFI bullish divergence is visible on 4h timeframe.
The idea is invalidated if price falls down to the bottom trendline of the channel.
I'm not a big fan of making entries in the middle of a formation, but in this case I'll take the risk:
- Entry: 19.64 (current price) --SMALL POSITION SIZE!!
- Adding more if there's more consolidation above 19.52
- Adding more after breakout
TP1: 24.86
TP2: 26.35
TP3: 29.05
TP4: OPEN++
Remember about risk management, especially that BTC has been quite volatile lately.
It might be not be relevant at all, but HNT is one of the very few coins that didn't fall below 200EMA/1D (yellow) during the crash in May. Do you know what other coins didn't? Solana..