$HMSTR

๐Ÿ“‰ **Hamster Kombat (HMSTR) Traders: Beware of False Bearish Traps!** ๐Ÿ“ˆ

For those shorting $HMSTR, it's time to take a closer look at the charts. Despite the token's rough start and bearish sentiment dominating after the airdrop fallout, **key technical indicators are signaling a potential bullish reversal**:

1. **Oversold Conditions:** HMSTR has been deeply oversold following the 45% drop from its debut. The RSI has bottomed out, suggesting a potential bounce is coming.

2. **Bullish Divergence:** A divergence between price action and indicators like MACD hints that momentum may soon shift in favor of bulls.

3. **Support at Key Levels:** Despite volatility, the token is forming a solid base around $0.004, holding above important support levels that could trigger a rally if buying pressure increases.

4. **Token Burn Impact:** The recent burn of millions of disqualified tokens adds scarcity to the supply, potentially driving up demand over the long termใ€7โ€ sourceใ€‘ใ€8โ€ sourceใ€‘ใ€9โ€ sourceใ€‘.

๐Ÿ›‘ **Bearish Shorters Beware:** With these bullish signs emerging, now could be a risky time to double down on shorts. Keep your eyes on the technicals โ€” a breakout could catch you off guard! Stay alert for any reversal patterns forming.