A single-day plunge of 23.54%, trading volume surged to 73.9 million, $HOME saw massive buy orders around 0.0250.


My short positions have been closed, with a 3.2% loss on the position, this one couldn't withstand the morning shakeout.
Today I only focus on two key levels: 0.0250 is a hard bottom, if broken, cut losses and exit;
Rebound to 0.0275, reduce 1/3 of the position, if volume picks up, then watch for 0.0300.
Gradually add to longs, lightly test around 0.0252-0.0255, stop loss at 0.0247, take profit at 0.0280 and 0.0310.
Two possible scenarios: one is support at 0.0250 holds with increased volume, which may lead to a short-term rebound, suitable for quick in-and-out trades;
The other is a breakdown to 0.023 or lower, then don’t bottom fish, wait for a second confirmation.
My label is short-term trader, I don’t hold positions long or get emotionally attached.
Results will be updated in the comment section.
HOME-13.33%
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