$HOT Daily Chart

$HOT is still trading inside a descending channel, respecting both the upper and lower trendlines for months now. Price is currently sitting near the lower boundary, which historically acts as a decision zone.

WHAT TO WATCH:

A bounce from the lower channel could trigger a move back toward the mid–upper range of the channel.

A clean breakdown and daily close below support would invalidate the structure and open the door for further downside.

Trend remains bearish until we see a confirmed breakout and reclaim above the channel resistance.

This is a key area — patience and confirmation matter here.

Trade the reaction, not the prediction

NFA