$HMSTR

Prepare Yourself for a Massive Price Correction!

In the past 24 hours, we saw a price pump of the HMSTRUSDT

chart and a lot of you are asking me why such happened and what would be the fate of this project with such sudden movements?

My Response:

Let's first do a background check on the HMSTR project. join me...

This project started as a game in telegram and amassed over 300 million players worldwide which later dropped to around 51 million after they faced listing setbacks!

Afterward, HMSTR managed to list successfully on several notable exchanges such as Binance at a price of 0.014. It then nosedived to an ATL of 0.002254 about 6 days ago.

Shocking as it is, today, the price against USDT surged to high of 0.004920 in a quick spike movement and still maintaining a strong bullish sentiment!

Now, Why the surge?

First, I know all of us saw the formation of the Rising Wage in the 15-minutes TF. This suggests the introduction of buyers into the market! The buyers with strong liquidity have managed to make an impact on the market!

Second, over the past few days, HMSTRUSDT saw a significant increase in trading volume.

These, with the general positive market sentiment must have convinced buyers to invest in this project leading to the surge!

Now, is the Price surge sustainable?

My hard answer is NO! Ride with me ... 😂... This is a forced pump or at least looks like it! I don't think HMSTR can still maintain the positive strength to keep going up!

The dynamic support is very far from the surged price, which suggests incoming massive correction !

More so, buyers from the lower side would love to lock in this 80+% profits and wait for the inevitable correction to move in again! Be like these buyers!

Final thoughts,

Remember, stay profitable, the market has no emotions! Lock in profits, strategize, and come back stronger 💪!

Love 💕 and Light 🕯️, my friends!