Current Price Trends
HMSTR recently rebounded strongly from a low of $0.00225 (Nov 3), hitting a high of $0.00625 before retracing to key support levels【8†source】【9†source】.
The price is near the 0.618 Fibonacci retracement at $0.00379, which is a critical support level. A decisive move here will determine if the market remains bullish or turns bearish【9†source】.
Long Position Strategy
Entry Point: Enter near $0.0037–$0.0039, assuming bullish confirmation with a bounce and significant volume.
Take Profit (TP):
TP1: $0.0048 (recent resistance).
TP2: $0.0058–$0.0060 (previous high).
Stop Loss (SL): Place at $0.0034 to limit downside risk.
Duration: Short to medium term (2–5 days), depending on breakout momentum.
Short Position Strategy
Entry Point: If the price breaks below $0.0037 with a bearish confirmation (low volume on rallies, RSI below 50).
Take Profit (TP):
TP1: $0.0034 (immediate support).
TP2: $0.0030 (major psychological level).
Stop Loss (SL): Set at $0.0042 to mitigate potential losses.
Duration: Short term (1–3 days), aligned with downward momentum.
Contingency Plan if Signals Reverse
For Long Positions: If the price breaks below $0.0034, exit immediately to avoid deeper losses.
For Short Positions: If the price closes above $0.0042 with bullish confirmation, close the trade to prevent larger drawdowns.
Technical Indicators
RSI: Currently trending lower, near neutral territory. Watch for divergence or oversold conditions for signals【9†source】【10†source】.
MACD: Bearish crossover indicates potential continuation of the downtrend【9†source】.
Volume: A lack of volume on upward moves could confirm bearish momentum.
