📊 Market Overview
$HMSTR is currently trading near 0.0001591 after rejecting the 0.0001730 intraday high. The price attempted a breakout but quickly reversed, forming a long upper wick. This type of move often signals a liquidity sweep above resistance, where breakout traders enter and are then trapped as price rotates lower. The 24H low near 0.0001540 is now acting as short term demand.
📉 Technical Structure
On the 1H timeframe, $HMSTR formed a temporary higher low structure after bouncing from 0.0001540, but momentum weakened near 0.0001730 resistance. The rejection candle suggests strong supply pressure at that level. RSI has cooled toward neutral territory, showing momentum reset rather than aggressive breakdown. Immediate support sits at 0.0001550–0.0001540. If this zone fails, price may revisit deeper liquidity around 0.0001500.
However, if buyers defend current support and build a higher low, structure remains constructive. A reclaim of 0.0001650 followed by a breakout above 0.0001730 with strong volume would invalidate short term bearish pressure.
📈 Strategic Outlook
The recent dump appears technical, driven by profit taking and liquidity collection rather than confirmed structural reversal. Gaming and meme style tokens like $HMSTR tend to experience fast expansions followed by quick pullbacks. If support holds and volume increases on upside attempts, the next expansion target sits near 0.0001780 and potentially higher.
Traders should focus on confirmation signals instead of reacting to single candles. Structure, support defense, and breakout validation will determine whether this becomes continuation or deeper correction.
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