AN EXTREMELY DETAILED ANALYSIS FOR $HMSTR THIS NOVEMBER (AND CAN BE USED FOR THE UPCOMING MONTHS)
For anyone who are curious about how #HMSTR might handle this kind of price action given the months in which it has decreased.
Let me give you a clearer explanation.
The concept of generating purchasing pressure at demand zones and selling pressure at supply zones has been generated by the coordinated strategies of buyers and sellers from the first rise to the final point of collapse. With descending support points at 0.004557, 0.003839, and 0.002734 and descending resistance points at 0.005063, 0.004557, and 0.003898, these elements have produced the support to resistance trendline. Regarding the complete rejection that has taken place. A number of fixes were made in a shorter amount of time once you zoomed in. These kinds of corrections have convinced the sellers to undertake a complete selloff from the top. The outcome was a sharp drop of 70.52% overall. We have already considered the potential for a key level to become its greatest demand zone in light of this significant decrease rather than only a small, healthy correction. Thus, the spring is referred to as the strongest demand zone. The majority of impulsive waves for HMSTR's robust market surge would appear here. Another option is to examine the many resistance levels that were breached from the prior trendline. Extreme selling pressure was prevalent at these identical resistance positions. As a result, it's preferable to be optimistic about the future of HMSTR's price. However, we are also considering the potential for this optimism for HMSTR to completely reverse.
Stay wise, trade cautiously.
