🚨🔥 $HMSTR /USDT ON THE DAILY CHART 🔥🚨
Overview of Price Action: HMSTR/USDT has experienced a significant surge, showcasing strong upward momentum after a prolonged downtrend. The current bullish breakout has pushed the price up by 73.66%, indicating a potential shift in sentiment. This rally came after consolidation near the bottom at 0.002254 before the massive breakout up to the current levels.
Current Price: 0.004576
Entry Price for Trades:
Long Entry: 0.004500 (to catch potential continuation)
Critical Levels to Watch:
Resistance Level: 0.004920 – This is the latest high from today’s rally. Breaking and holding above this could attract more buyers.
Support Level: 0.003264 – A crucial level to maintain bullish momentum and avoid a pullback to deeper support zones.
Strong Support: 0.002473 – This represents the 24-hour low and serves as a safety net if the price retraces.
Take-Profit Targets:
1. TP1: 0.005343 – Near the recent upper price level.
2. TP2: 0.005900 – Potential breakout target if bullish momentum continues.
3. TP3: 0.006500 – Extended target for aggressive traders expecting a strong rally.
Stop-Loss Level:
Stop-Loss: 0.003264 – Placed below the current support level to manage downside risk.
Cautionary Note: Traders should monitor the price action closely, as sudden volatility might lead to profit-taking or price corrections. Watch for stability above the 0.004920 resistance to confirm the bullish trend. If the price struggles to sustain above this, it may consolidate or pull back toward the lower support levels.
Trade Wisely.
