$HMSTR : Not the type of 'asset' you would expect from me, is it?
Let's analyze it 'properly' as a project and what the future might hold. Let's dive in.
The Rise and Fall
This app, built on $TON , was a seasonal hit last year, peaking at 300 million active accounts, or something similarly wild.
Six months later, let's have a look.
Accounts active: 15 million. Including accounts like mine, which only logged in to see if this crap is even still around on Telegram.
Verdict: Dying.
The Chart: Searching for Hope?
What about the chart? There must be some hope. In Technical Analysis, there are always positives, right?
No. Completely dead.
Trend: Downtrend from day one (Binance listing). No hope.
Buyers: The only people who would buy this kind of asset are either future Hamster CEOs or those who want to throw pocket money into 30 memecoins, hoping that one of them will do 1000x.
But this isn’t even a memecoin. It’s far, far less.
Thanks for Your Attention
I’ll be looking for shorts. There’s plenty of nice resistance overhead to potentially use, including:
Dynamic Averages.
A majestic Fair Value Gap, hardened by the Golden Pocket inside.
At some point, as we progress into the final stages of this year’s bull market and my long leverage exposure increases, I’ll need shorts. That’s the only way to make $HMSTR useful, right here. 💙👽
