Analysis of Currency $HMSTR as of today 18/08/0225
1. Analysis on the daily timeframe (1D)
General trend: Appears to be a medium-term bearish trend with an attempt at correction. The price is currently trading at $0.00075‑0.00077 as current resistance).
Potential support levels:
$0.0007105 (Lowest trade of the day).
$0.0006900‑$0.0007000 (Areas repeating as potential bottom).
Potential resistance levels:
$0.0007656 (Highest trade of the day).
$0.0008000‑$0.0008200 (Psychological resistance and level approaching the highest timeframe)
2. Confirmation of entry areas on the hourly timeframe (1H)
Possible buying scenario: If the price bounces and tests the area $0.000730‑$0.000740 firmly, it may form a buying entry opportunity, especially with a strong bullish candle appearing or support signals like RSI close to oversold.
In case the price breaks the level $0.0007105 firmly, it may head towards testing $0.0007000‑$0.0006950.
3. Precise buying and selling on the 5-minute timeframe
Scalp Buy:
Entry price: $0.000730‑$0.000740.
Entry condition: Bullish reversal candle
Target (TP): $0.000760‑$0.0007656.
Stop loss (SL): Below $0.000715‑$0.000710.
Scalp Sell / Correction:
Entry price: $0.0007656 (Today's peak).
Entry condition: Bearish reversal candle + RSI above 70.
Target: $0.000740‑$0.000730.
Stop loss: Above $0.000775‑$0.000780.