COIN NAME: $HNT
SIGNAL TYPE: LONG
I can see on $HNT a clean Falling Wedge Pattern forming on the 2-day timeframe. The price is showing signs of basing out and is nearing the apex of this bullish reversal pattern. This setup offers an opportunity for accumulation.
We are entering the Support Zone now. If price achieves a decisive close above the wedge resistance line and the 2-day SMA50, it will trigger a massive spike upward 💥 for trend continuation.
HNT CHART
ENTRY ZONE 1 (Accumulation): $1.892 ~ $1.754
ENTRY ZONE 2 (Confirmation): BREAKOUT ABOVE WEDGE RESISTANCE + SMA50
TP 1: $2.401
TP 2: $2.741
TP 3: $3.046
TP 4: $3.351
TP 5: $3.785
TP 6: $4.338
SL (INVALIDATION): A 2-day candle closing below the wedge support.
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