$HMSTR / USDT – Coiled and Primed for a Breakout
$HMSTR has been consolidating quietly just below the $0.00075 mark, and current price action suggests a breakout may be near. The market is tightening, signaling that a surge in volatility could be approaching. If buyers step in and push price above resistance, this could trigger a fast upward move.
My Position
Investment: $1,998.60
Entry Price: $0.00073
Holdings: Approximately 2,737,808 HMSTR
Support and Resistance Levels
Major Resistance: $0.0007590
Breakout Target Zone: $0.0007850 and above
Key Support: $0.0007060
Trade Setup
Fresh Entry Zone: $0.0007200 – $0.0007350
Stop Loss: $0.0006970 (tight risk below structure)
Take Profit Targets:
TP1: $0.0007590
TP2: $0.0007850
TP3: $0.0008120 (if the breakout gains momentum)
Strategy Note
A confirmed candle close above $0.0007590 with strong volume could lead to rapid price movement. It’s often best to wait for a retest of the breakout level for a stronger entry confirmation.