HOOK / TetherUSLong
TradeCityPro | HOOKUSDT Potential Start of a Sharp Move
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Let’s analyze the market on this quiet Saturday with low volume. We'll focus on identifying and aligning our triggers for HOOK.
🌍 Market Overview
Before starting, as always, we take a quick look at Bitcoin. Today, it hasn’t made any significant moves and is mostly range-bound. However, volume seems to be entering, suggesting that we might see another upward movement either tomorrow or in the coming week.
During such upward movements, Bitcoin dominance may decline, providing an opportunity for altcoins to shine. This is when altcoins can generate substantial profits, so make sure to stay close to the charts during these times.
🕒 Weekly Time Frame
In the weekly timeframe, HOOK has rebounded from its last support and seems to have begun its first upward movements.
The 0.3747 support was faked out, followed by a solid green candle with good volume that engulfed the previous candles , After activating the 0.5058 trigger, it is now heading toward 0.75.
For new entries, after breaking 0.7504, a buy opportunity can be considered. However, note that the stop-loss will need to be set quite wide at 0.3747. If the price consolidates or retraces, it could provide a better stop-loss level.
📊 Daily Time Frame
In the daily timeframe, after breaking 0.5103, the price moved upward but has recently shown signs of weakness , RSI is in the overbought zone.
The green candles are getting smaller, indicating a loss of momentum.
Despite this, with a valid trigger, a position can still be taken.
The 0.7562 level remains a trigger for buying , Alternatively, after a correction, a breakout above the current high (using Dow Theory) could justify entry with a better stop-loss level.
For those who bought at the 0.5103 trigger, holding the position is recommended as the price hasn’t moved significantly relative to the broader market.
🕒 4-Hour Time Frame
In the 4-hour timeframe, following the daily move, HOOK is consolidating in the range between 0.6588 and 0.6980. This consolidation might be preparing for the next move.
📈 Long Position Trigger
Breaking 0.6980 is a valid trigger for a long entry , It is advisable to keep a wide stop-loss to avoid being stopped out during minor corrections and to stay positioned for potential gains after the breakout.
📉 Short Position Trigger
No short positions are advised at the moment. Like recent market analyses, the focus remains on long opportunities, especially as Bitcoin holds strong above $80.
This concludes the technical analysis for HOOK. Stay patient and disciplined with your entries and stop-losses for this setup.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Let’s analyze the market on this quiet Saturday with low volume. We'll focus on identifying and aligning our triggers for HOOK.
🌍 Market Overview
Before starting, as always, we take a quick look at Bitcoin. Today, it hasn’t made any significant moves and is mostly range-bound. However, volume seems to be entering, suggesting that we might see another upward movement either tomorrow or in the coming week.
During such upward movements, Bitcoin dominance may decline, providing an opportunity for altcoins to shine. This is when altcoins can generate substantial profits, so make sure to stay close to the charts during these times.
🕒 Weekly Time Frame
In the weekly timeframe, HOOK has rebounded from its last support and seems to have begun its first upward movements.
The 0.3747 support was faked out, followed by a solid green candle with good volume that engulfed the previous candles , After activating the 0.5058 trigger, it is now heading toward 0.75.
For new entries, after breaking 0.7504, a buy opportunity can be considered. However, note that the stop-loss will need to be set quite wide at 0.3747. If the price consolidates or retraces, it could provide a better stop-loss level.
📊 Daily Time Frame
In the daily timeframe, after breaking 0.5103, the price moved upward but has recently shown signs of weakness , RSI is in the overbought zone.
The green candles are getting smaller, indicating a loss of momentum.
Despite this, with a valid trigger, a position can still be taken.
The 0.7562 level remains a trigger for buying , Alternatively, after a correction, a breakout above the current high (using Dow Theory) could justify entry with a better stop-loss level.
For those who bought at the 0.5103 trigger, holding the position is recommended as the price hasn’t moved significantly relative to the broader market.
🕒 4-Hour Time Frame
In the 4-hour timeframe, following the daily move, HOOK is consolidating in the range between 0.6588 and 0.6980. This consolidation might be preparing for the next move.
📈 Long Position Trigger
Breaking 0.6980 is a valid trigger for a long entry , It is advisable to keep a wide stop-loss to avoid being stopped out during minor corrections and to stay positioned for potential gains after the breakout.
📉 Short Position Trigger
No short positions are advised at the moment. Like recent market analyses, the focus remains on long opportunities, especially as Bitcoin holds strong above $80.
This concludes the technical analysis for HOOK. Stay patient and disciplined with your entries and stop-losses for this setup.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
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💰 Join the Telegram Channel Now: t.me/Tradecityproint
🏆 Best Crypto Exchange: bit.ly/tcpbit
🤵 Business Contact: Tradecityproteam@gmail.com
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