Hello everyone,
In this analysis, we’ll look into the ongoing downtrend for HMSTRUSDT and explore our plans as it approaches a critical support level. We aim to capture potential accumulation opportunities while keeping both short- and long-term targets in view. Let’s break down the outlook:
Currently, HMSTRUSDT remains in a steady downtrend, but as the price moves closer to a significant support zone, our plan is to accumulate around this area. This zone aligns with the previous bottom, where we anticipate a strong response from buyers. The accumulation phase here could provide a favorable risk-reward entry, especially if we see a breakout through the previous low and movement along the paths illustrated on the chart.
Our targets are clearly marked, with both a short-term target for quicker gains and a final target reflecting a more substantial upward move if the breakout sustains. Each target is chosen based on historical resistance levels and anticipated price action post-breakout. This dual approach offers flexibility to adapt based on market conditions.
We welcome your thoughts on this analysis and look forward to discussing potential outcomes!
