Guys, I'm keeping a close eye on HMSTR, currently trading at 0.0047. For me, the key level to watch is 0.0056. If HMSTR breaks through this resistance, I'm expecting a strong upward trajectory.
Here's why:
Technical Analysis:
RSI: 55 (neutral/bullish)
MACD: Crossover imminent
Support Levels:
0.0040-0.0045 (strong support)
0.0035-0.0040 (next support)
Resistance Levels:
0.0056 (crucial breakout)
0.0065-0.0070 (next resistance)
My Strategy:
Buy: 0.0056 breakout (target 0.0070-0.0080)
Stop-loss: 0.0040
Take profit: 0.0080
Reasoning:
HMSTR's chart shows a potential inverse head-and-shoulders pattern, indicating a reversal.
Increasing buying pressure and volume suggest a breakout.
MACD crossover confirms bullish momentum.
Break above 0.0056 opens up 0.0070-0.0080 range.
Risks:
Failure to break 0.0056 may lead to consolidation or drop.
Overextension above 0.0080.
My plan:
Buy on 0.0056 breakout.
Set stop-loss at 0.0040.
Take profits at 0.0080.
Monitor volume and market sentiment.
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