$HMSTR Position Update – Tough Market Open Today
Quick update on my HMSTR holding. After today’s market open, we saw a sharp dump across the board, and so far I don’t see a strong buying response yet.
My position is currently deeper in drawdown, but I’m choosing to observe rather than panic.
📊 Market context:
• Broad market opened with heavy sell pressure
• Bounce attempts look weak and short-lived
• Risk appetite feels low in the short term, especially for alts
📈 On HMSTR specifically:
• Price lost short-term support and is now searching for demand
• Structure is weakened, but not completely broken yet on higher timeframes
• This feels more like a liquidity-driven move, not pure capitulation (for now)
I’m staying cautious and focusing on risk management. No rush to add — waiting to see if real buyers step in or if the market needs more time to cool off.
💬 Would like to hear your thoughts:
• Do you think this move is just a shakeout or the start of a deeper correction?
• Are you staying in cash, hedging, or slowly accumulating here?
• Any meme or game tokens still showing relative strength in this environment?
Just sharing my view and looking for different perspectives.
Not financial advice.
#HMSTR #Altcoins #BinanceSquare