#HOOK/USDT #HOOK
The price is moving in a descending channel on the 1-hour frame and is adhering to it well and is heading to break it strongly upwards
We have a bounce from the lower limit of the descending channel, this support is at a price of 0.2586
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.2757
First target 0.2903
Second target 0.3046
Third target 0.3182
Hooklong
Is HOOKUSDT Ready to Skyrocket or on the Verge of a Crash? Yello, Paradisers! Could #HOOKUSDT be gearing up for a major bullish breakout, or are we staring down the barrel of a steep drop? Let’s break down the key levels that could define the market’s next big move.
💎#HOOKUSDT has recently faced a strong rejection at the $0.6612 resistance level, a price point that has repeatedly acted as a significant barrier. While this rejection caused a temporary pullback, it doesn’t necessarily confirm a bearish trend. Instead, the action shifts to critical zones $0.5671 and $0.5293 which could determine whether we see a reversal or further decline.
💎The $0.5293 level aligns closely with the 0.5 Fibonacci retracement zone, often dubbed the “golden pocket.” Historically, this region serves as a pivotal area for price action. If HOOKUSDT stabilizes and consolidates here, it could act as the springboard for the next upward leg. Many traders are zeroing in on this area, anticipating a potential rally that could set the stage for new highs.
💎If the $0.5293 level doesn’t hold, the next support zone lies at $0.4512. A rebound at this lower demand zone could still preserve the bullish outlook, but a breakdown below $0.4512 would invalidate the setup entirely. Such a scenario could trigger a steeper decline, wiping out bullish sentiment and demanding traders exercise extreme caution.
It’s decision time, Paradisers. As the market flirts with these critical levels, patience and discipline will be your greatest allies. Wait for confirmations, whether you’re looking to ride the next breakout or hedge against a potential drop.
MyCryptoParadise
iFeel the success🌴
#HOOK (SPOT) entry range (0.4350- 0.4850) T.(1.5060) SL(0.4223)BINANCE:HOOKUSDT
entry range (0.4350- 0.4850)
Target1 (0.6680) - Target2 (0.8960)- Target3 (1.2403)- Target4 (1.5060)
SL .4H close below (0.4223)
*** collect the coin slowly in the entry range ***
*** No FOMO - No Rush , it is a long journey ***
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#HOOK/USDT LONG#HOOK
The price is moving in a descending channel on a 4-hour frame
We are now at the lower border of the channel from which the price has rebounded more than once
A bounce to the upper limit of the channel is expected on 3 targets
We also have support from the RSI indicator
Current price 0.8128
First target 0.8364
Second target 0.8600
Third target 0.8900
Bullish Momentum Alert: Hook Unleashing Potential!Hey Traders! 🌐📈
🔄 Exciting Times for Hook!
A bullish pattern is in play, and Hook has successfully broken out! 🚀
🔄 Retest & Surge:
Brace for impact as we enter the retest phase; the path to higher levels awaits.
💹 Upward Trajectory Ahead:
Anticipate Hook to climb even higher after a robust retest.
💰 DCA Power Move:
Consider Dollar-Cost Averaging (DCA) from green levels for strategic entry.
🟢 Patience and strategic accumulation can amplify gains.
📊 Similar to CFX's chart:
This chart looks like CFX's weekly chart.
🚨 Risk Management Advisory:
🛡️ Diversify and practice due diligence. Don't go all in; play it smart.
It needs time , this is a weekly chart😉
DYOR (Do Your Own Research) for informed decisions.
🌟 Wishing You Success!
Good luck on this exciting journey with Hook! 🚀💪