🚨The current uptrend could be a potential "bearish trap."
The current price of HMSTR/USDT is $0.002794 representing a 6.64% increase.🤗
The average price shows its below the 14 and 21-day moving averages, indicating a downtrend.
So the overall trend for HMSTR is still bearish.
The recent bounce could be a short-term rally, but it's too early to say if it will turn into a sustained uptrend.
The price is currently in a bearish phase.
Remember the price has been always too bearish with this coin, so I wouldn't recommend a long entry as the re distribution of tokens might collapse the coin further..
so according to the movement there is a potential Bearish Entry: The current uptrend could be a potential "bearish trap." If the price reverses below the 20-day Simple Moving Average, it could signal a bearish trend reversal.😇
Happy trading guys stay safe out there....🐥
