$HMSTR going short directly! 24h has dumped 49.9%, and it's still trading below the MA25 on the 4h chart; this bounce is just giving the bears a chance to enter.
Don't get fooled by that slight MACD recovery on the 1h. Both the 15m and 1h moving averages are in a bearish formation, and the 4h MACD is still on the bearish side; the main structure hasn't repaired itself yet, so buying the dip is just catching a falling knife.
Looking down at 0.00018576; if we break below that, we'll be testing 0.0001834. If we regain 0.00019464, I’ll admit I was wrong.
Weak stocks don’t deserve faith; whoever buys in is just gonna get burned.
Don't get fooled by that slight MACD recovery on the 1h. Both the 15m and 1h moving averages are in a bearish formation, and the 4h MACD is still on the bearish side; the main structure hasn't repaired itself yet, so buying the dip is just catching a falling knife.
Looking down at 0.00018576; if we break below that, we'll be testing 0.0001834. If we regain 0.00019464, I’ll admit I was wrong.
Weak stocks don’t deserve faith; whoever buys in is just gonna get burned.