Dear Queenchart friends! š
After a crazy pump, $HMSTR now it's in the "Cooling Down" phase. Many are FOMO wanting to hit right away, but wait a minute! š
Based on price structure (Market Structure) and Volume, this is the pure Price Action analysis:
š Market Conditions:
In the small timeframe (15m & 1H), the trend is clearly still downtrend. Prices continue to make lower highs. Don't try to "Catch the Falling Knife" if you don't want your hands to bleed.
šÆ Key Levels (Monitor This Area):
1ļøā£ Resistance (Ceiling): 0.0002650
The reflection area that has already broken. If the price goes up here, it is very likely to be reflected down again (Retest). Don't FOMO buy at this peak!
2ļøā£ Safe "Grab" Area (Demand): 0.0002150 - 0.0002200 āØ
This is the golden zone. The point where the big pump starts.
š Queen's Advice: Rather than entering at the uncertain price now (0.0002440), it's better to patiently wait for the price to pick up in this area of 0.0002200.
š” Simple Trading Plan:
Wait: Wait for the price to enter the zone 0.0002150.
Confirm: Look for strong green candles/long tails in that area.
SL (Mandatory): Throw it away if it breaks below 0.0002050 (Discipline!).
TP: 0.0002600.
Remember our mentor's words: "Trading is about probability & patiently waiting for the setup, not guessing."
Are you Team Patient Waiting Below or Team Stuck at the Peak? Comment below! š
