Scalping is the best option in this voleatile market, don't | Rimsha_Rana on Binance Square

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Scalping is the best option in this voleatile market, don't run after big profits 

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Technical Analysis Report: $HMSTR /USDT Current Price: $0.005623 $HMSTR has experienced a significant decline of 15.20%, plummeting from a 24-hour high of $0.006635 to a low of $0.005542. The chart shows a stark downward trend with a series of red candlesticks, indicating strong selling pressure. This movement highlights a bearish sentiment in the market, potentially due to investor reactions to external factors or profit-taking after a previous ascent. The current support level is at the day's low of $0.005542. If this level fails to hold, HMSTR could see further declines, with the next support potentially forming around the $0.0050 mark. Conversely, resistance is seen at around $0.0060, where the last significant rebound attempt faltered. Given the strong bearish momentum, traders might consider short positions if the price breaks below the current support, aiming for lower targets while maintaining stop-loss orders just above $0.0058 to manage risks. Conversely, any reversal and sustained move above $0.0060 could indicate a weakening of the current selling trend and might a bullish opportunity, targeting the previous high levels. $HMSTR #BinanceLaunchpoolHMSTR #BTCReboundsAfterFOMC #NeiroOnBinance #CATIonBinance #FTXSolanaRedemption

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