$HMSTR
đ **Hamster Kombat (HMSTR) Traders: Beware of False Bearish Traps!** đ
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 termă7â sourceăă8â sourceăă9â sourceă.
đ **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 â a breakout could catch you off guard! Stay alert for any reversal patterns forming.