š„ $HOME Plunges: Bear Trap or Deeper Dive? š„
After a stellar run-up, $HOME has experienced a sharp pullback, now testing key support zones. The rapid ascent was met with significant selling pressure yesterday, a classic sign of profit-taking. Market sentiment is currently cautious as traders watch if current levels will hold.
š Trading Outlook:
š¢ Potential Long: Look for a confirmed bounce from the 0.022000 - 0.021500 USDT support zone. A reclaim and hold above 0.024000 USDT with increasing volume could signal a relief rally. Consider low leverage due to high volatility.
š“ Potential Short: A breakdown below 0.021000 USDT with conviction could open the doors for further downside. The prevailing trend is corrective. Medium leverage might be considered if the bearish momentum continues.
Remember, this is not financial advice (NFA). Always do your own research (DYOR).
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