HOTUSDT (HOLO) - POTENTIAL BUY ENTRY

ANALYSIS 🔎
- HOTUSDT was resisted by the descending trendline resistance (DTR-1).
- Price brokeout above the descending trendline resistance (DTR-1).
- The market hit a swing high and retraced.
- Price is retesting and descending trendline resistance (DTR), the key fibonacci retracement zone (0. 5-0 .618 - 0.786) and horizontal support level (S1).
- The retracement is resisted by the descending trendline resistance (DTR-2).
- There's a breakout potential.

BUY ENTRY ⬆️
- Breakout above the descending trendline resistance (DTR-2).
- Retest of the descending trendline resistance (DTR-2) after the breakout.

TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Fibonacci extension levels.

SETUP INVALIDATION ❌
- Breakdown below the 0.786 fibonacci retracement level.