Most traders assume this steady push back up on $HMSTR signals a full trend reversal, but it is actually setting up a heavy rejection into key overhead supply.
After a long bleed, price has steadily drifted back into a prominent resistance block near $0.0002300 to $0.0002450. The declining trading volume on this upward move shows a lack of real buyer momentum, indicating a classic low-volume retest into resistance.
With price hitting this key supply zone without strong buying volume behind it, the setup points toward a sharp downside continuation. A rejection here opens the path for a sell-off sweeping lower liquidity pools toward $0.0001000.
Rallies on declining volume usually supply the exact liquidity institutions need to open fresh short positions.
#HMSTR #CryptoAnalysis #TechnicalAnalysis #Altcoins
After a long bleed, price has steadily drifted back into a prominent resistance block near $0.0002300 to $0.0002450. The declining trading volume on this upward move shows a lack of real buyer momentum, indicating a classic low-volume retest into resistance.
With price hitting this key supply zone without strong buying volume behind it, the setup points toward a sharp downside continuation. A rejection here opens the path for a sell-off sweeping lower liquidity pools toward $0.0001000.
Rallies on declining volume usually supply the exact liquidity institutions need to open fresh short positions.
#HMSTR #CryptoAnalysis #TechnicalAnalysis #Altcoins