🚨📉 TRADING SIGNAL ALERT: HMSTR/USDT ON THE 4-HOUR CHART 📈🚨
HMSTR/USDT has experienced a sharp decline after touching a peak of 0.006388, pulling back significantly to its current price of 0.004451. The recent market behavior shows a strong retracement from recent highs, signaling potential bearish momentum, but also indicating a potential area for a rebound if critical support levels hold.
Current Price: 0.004451
💡 Trade Entry:
Entry Price: Consider entering at or near the current price (0.004451) for a potential rebound trade.
💡 Key Levels to Watch:
Resistance Levels:
First Resistance: 0.005116
Second Resistance: 0.005800
Third Resistance: 0.006388 (previous high)
Support Levels:
Primary Support: 0.004325 (24h low)
Secondary Support: 0.003643 (next potential support zone)
💰 Take-Profit Targets:
1. TP1: 0.004900
2. TP2: 0.005300
3. TP3: 0.005800
🔒 Stop-Loss: 0.004200 (to protect against further downside)
⚠️ Cautionary Note: Traders should watch for stability around the 0.004325 support level. A clear breakdown below this could lead to further bearish momentum, potentially dragging the price lower. If bullish momentum picks up and breaks the first resistance at 0.005116, expect a possible rally toward the higher targets.
Stay vigilant for breakout or reversal signals, and manage trades carefully with stop-loss protection.
