HMSTR continued to decline after rising 9% last night, and there is still an opportunity for short profits.

It can be seen that HMSTR has been in a nearly spiraling decline for a long time since its listing on Binance. The trading volume is also decreasing, and even when there is a pump, there will not be enough 'fuel' to maintain the rise, and it will fall back within a few days.

For such a long-term declining cryptocurrency, after a short-term rise and harvesting high-leverage shorts, there will be a new wave of decline.

Usually, the trends of altcoins are mostly influenced by mainstream coins, but in the last few hours, mainstream coins have risen while HMSTR has fallen, indicating that its price trend is weak and it is very difficult to rise.

Therefore, shorting at the current price level is very safe.

From a technical perspective, HMSTR has a gap to fill around $0.0023 on the four-hour chart, and it is highly likely to decline to this point.

At the same time, on the 15-minute chart, HMSTR has a key support level around $0.00235. If it successfully breaks below this support level and the price closes below it, then it can continue to short in line with the trend.

If this is a short-term trade, profits can be taken around $0.0023, while long-term traders can attempt to seek greater profits.