$HOME Bounce or Bull Trap? Critical Resistance Ahead!
HOME is trading at $0.02463, recovering after a steep pullback. Price is now approaching minor resistance with multiple rejection wicks in the same range. Momentum is climbing, but confirmation is key.
Key Levels to Watch:
• Resistance Zone: $0.02480 – $0.02500
• Support Zone: $0.02420 – A breakdown here could trigger further downside.
Trade Setup – Momentum Building or Fading?
Bullish Entry:
If price breaks and holds above $0.02500, look for:
• TP1: $0.02540
• TP2: $0.02590
Bearish Entry:
If price fails and drops below $0.02420, targets could be:
• TP1: $0.02380
• TP2: $0.02330
Volume is low, and buy pressure is below 45% – not ideal for a breakout yet. Wait for a clean confirmation candle before entry.