Going for a SHORT on $ETH , let's play this out this time 💸 | C H L O E on Binance Square

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Going for a SHORT on $ETH , let's play this out this time 💸💀
Entry : 2629.66 - 2652.51
Targets : 
🎯 2610.86
🎯 2555.42
🎯 2499.99
🎯 2444.55
Stop : 2791.70
Leverage : 10x (isolated) #BinanceLaunchpoolHMSTR #BTCPredictedNewATH #ETHETFsApproved #etherreum #ETH🔥🔥🔥🔥 

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Taking my entry on $HMSTR for LONG at following TPs. Well expecting some gains 💁‍♀️🔥 Entry: $0.00588 Stop Loss: $0.0037 Target 1: $0.0078 (+32.7%) Target 2: $0.0099 (+68.4%) Target 3: $0.0109 (+85.4%) #BinanceLaunchpoolHMSTR

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HMSTR/USDT Long Position Strategy

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HMSTR/USDT Long Position Strategy

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$HMSTR/USDT Long Position Strategy Based on the current price action and chart structure for $HMSTR

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Looking at the chart for HMSTR/USDT on Binance, here's a breakdown of what’s going on: Price Action: Current Price: $0.00588, down -7.59% for the day. The price is showing a decline, suggesting sellers are dominating. The orange triangle indicates a possible pennant or descending triangle formation, which often points to a continuation of the current trend—usually downward when forming after a downtrend. Candlestick Structure: The recent candlestick pattern shows multiple red candles, signaling bearish momentum. The strong downward movement after a possible high could indicate a bearish market sentiment. Volume: While there isn’t a clear volume indicator on the chart, the steep price drops generally reflect increased selling pressure. Support & Resistance Levels: Support: The nearest support looks to be around 0.0037, where there could be buying interest. Resistance: Strong resistance seems to be at 0.01098, which is well above the current price, meaning it has a long way to recover if bulls take over. Trend Indications: The overall bearish trend indicates that HMSTR could continue to fall, especially as the triangle pattern may break downward. If the triangle resolves with a drop, it could push prices further down to the next support. Potential Scenarios: Bullish Reversal: If bulls defend the current level, we could see a brief uptick toward 0.00576 or beyond. But given the strong downtrend, this seems less likely in the short term. Bearish Continuation: If the selling pressure continues, the price may breach 0.00576 and target 0.0037. Conclusion: At this moment, the market is trending downwards. The descending triangle or pennant formation suggests that there may be more room for downside unless buyers step in with strong momentum. If you’re considering trading this, watch for a breakdown of the current support levels, as it may present a shorting opportunity. $HMSTR #BinanceLaunchpoolHMSTR

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