If HMSTR/FDUSD continues its upward trend, the following potential targets after reaching 0.0044 may be:
1. 0.0046: This is a short-term resistance level where some selling pressure may emerge. If the momentum is strong, it may quickly surpass this level.
2. 0.0050: A major psychological level and likely strong resistance. Many traders may set sell orders around this round number, so reaching this level may trigger profit-taking.
3. 0.0055 and 0.0060: If the asset surpasses 0.0050 with high volume, the next targets may be around 0.0055 and then 0.0060. Sustained buying interest will be required to reach these levels.
Key points to watch
Volume: Continued high volume on upward movements is a good sign for the continuation of the trend.
Corrections and support: Watch if the price finds support above 0.0044 or 0.0046 during any corrections, as this will strengthen the arguments for further growth.
Overbought indicators: As RSI and stochastic RSI are high, a correction or consolidation may occur before reaching these targets.
Watch these levels and consider setting stop-loss orders to manage risks, as high volatility can lead to sharp fluctuations.
