technical analysis and trade signal for $HMSTR /USDT:
Technical Analysis (HMSTR/USDT)
1. Current Price: $0.004196
2. 24h High: $0.004382
3. 24h Low: $0.003710
4. Resistance Level: $0.004382 (Recent 24h High)
5. Support Level: $0.003710 (Recent 24h Low)
Key Indicators:
RSI (Relative Strength Index): Currently around 60, indicating moderate bullish momentum (not overbought).
MACD (Moving Average Convergence Divergence): Showing positive momentum as the MACD line is above the signal line.
Volume: 24h volume is decent at 21.20M, supporting the ongoing price action.
Price Action Analysis:
HMSTR/USDT is currently trending upward after a strong move from the support level of $0.003710. The price is forming a higher low at $0.003710 and has recently tested the $0.004196 level, breaking above it. A slight pullback could be seen towards $0.0040, but the bullish trend is still intact.
Trade Signals & Targets:
Entry Point: Buy near $0.0040 (after a small retracement or consolidation).
Target 1: $0.00450 (First target for a moderate bullish move).
Target 2: $0.00475 (Strong resistance level, if momentum continues).
Target 3: $0.00500 (Key psychological level and strong resistance zone).
Trade Momentum:
Bullish Momentum: The overall trend is upward with the price making higher lows. As long as the price holds above the $0.003710 support, expect bullish movement.
Stop Loss: Place a stop loss at $0.00370 to protect against any downside break below the support.
