The Hamster Kombat(HMSTR) project has taken a downward trend after the unsuccessful Airdrop that disappointed many of its users.
This bearish movement reminds me of the Dead Cat Bounce Pattern. We can even name this pattern for the
(HMSTRUSDT)
token, Dead Hamster Bounce Patternš.
Why does a Dead Cat Bounce Pattern form?
When the price experiences a sarp fall, traders feel that the price has reached the lowest support area and is worth buying. In this area, they start buying, and the price increases with a lot of momentum. But this cat is dead and cannot have a total bounce to go up; it's just a dead cat bounce.
In this area, the asset has lost its value, and this bounce occurs only for psychological reasons among traders, and there has been no change in the value of that asset. So the price has no reason to rise.
In this bounce, the buyers get extremely hopeful and enter the market, but they need to know that the cat is dead and cannot bounce.
The Bearish Flag Continuation Pattern is also clear in the Hamster Kombat(HMSTR) chart.
I expect the Hamster Kombat(HMSTR) project to continue its decline and if the project team does not think about their project, it is possible that in the coming months even this project will fall to very low prices and even be removed from some exchanges.
Note: If the Hamster Kombat(HMSTR) can break the Resistance zone($0.0054-$0.0050), we can expect Hamster Kombat(HMSTR) to pump at least +15%.
Hamster Kombat Analyze (HMSTRUSDT), 4-hour time frameā°.
Do not forget to put Stop loss for your positions (For every position you want to open).
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Oct 8
Trade active
Trade was activated
Oct 8
Trade closed: target reached
First Target Done
Oct 10
Trade closed: target reached
Second Target Done.
Maybe Hamster Kombat(HMSTR) is really making a Dead Hamster Bounce Patternš
Did you take profit from this analysis!?
yesterday
Trade closed: target reached
Third Target Done
