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HOOK / TetherUS

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HOOKUSDT trade ideas

Is a Bullish Breakout Imminent for HOOK? Here's What You NeedYello,Paradisers! Have you been tracking #HOOKUSDT? If not, now's the time! This cryptocurrency is showing promising signs of a bullish continuation from its current demand zone, and you won't want to miss it. 💎#HOOKUSDT recently broke above a critical resistance level at $0.5252, signaling a strong upward movement. This breakout is a crucial moment for potential gains. The current demand zone around $0.5528 is now our focal point. 💎If #HOOK maintains this momentum, we could see a surge toward the internal resistance at $0.7116. This level will be pivotal in determining the next phase of the market action. 💎Market sentiment also appears to be shifting, with diminishing intensity of rejections at the demand zone, suggesting a possible ease in selling pressure. If this support level holds, a bullish rebound could be imminent. 💎However, it is crucial to be cautious a breach below the strong support at $0.5037 could lead to a significant decline. This support level is critical, as it holds substantial liquidity, making it a potential point for a bullish recovery or a deeper correction. Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. This is the only way you will make it far in your crypto trading journey. Be a PRO. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
#HOOK/USDT#HOOK The price is moving within a bearish channel pattern on the 12-hour frame, which is a strong retracement pattern and was broken to the upside. We have a bounce from a major support area in green at 0.4000 We have a tendency to stabilize above the Moving Average 100 We have a downtrend on the RSI indicator that supports the rise and gives greater momentum, and the price is based on it to rise after it was broken upward. Entry price is 0.4800 The first target is 0.6700 The second target is 0.7800 The third goal is 0.9240
Long
by CryptoAnalystSignal
HOOK Technical Analysis: Potential for 200% gain.Hello everyone, I’m Cryptorphic. For the past seven years, I’ve been sharing insightful charts and analysis. Follow me for: ~ Unbiased analyses on trending altcoins. ~ Identifying altcoins with 10x-50x potential. ~ Futures trade setups. ~ Daily updates on Bitcoin and Ethereum. ~ High time frame (HTF) market bottom and top calls. ~ Short-term market movements. ~ Charts supported by critical fundamentals. Now, let’s dive into this chart analysis: HOOK was under a downtrend but respected the lower support trendline and showed a decent rebound of up to 45%. Currently, HOOK needs to break above the primary resistance, ranging between $0.6437 and $0.7172, to rally higher to the $1.16 resistance trendline. The RSI shows a rebound from the oversold range, indicating a shift in momentum from bearish to bullish. - Support/Entry: $0.394 to $0.483. - Primary Resistance: $0.6437 to $0.7172. - Higher Resistance: $1.16. DYOR, NFA. Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see! Thank you! #PEACE
by Cryptorphic
HOOK is bearishFrom where we entered "start" on the chart, the HOOK symbol has entered a large correction, which seems to be a diametric pattern. Wave B has just ended and price has entered wave C. Wave C is expected to continue up to the green range. Note that you need a trading setup to enter the position. Closing a daily candle above the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
Short
by behdark
1
Hooked Protocol (HOOK)On the above daily chart price action has corrected 80%. A few reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Price action trend reversal. Higher highs replace lower highs. 3) Support and resistance. Look left. Price action prints support on past resistance. 4) The bull flag flagpole forecasts a move to 2.50 Is it possible price action corrects further? Sure. Is it probable? No. Ww Type: trade Risk: <=6% Timeframe for long: Yesterday Return: Did you read the idea?
Long
by without_worries
1
HOOK/USDT shows bouncing from support and back to upward!💎 Paradisers, the recent market dynamics surrounding #HOOK have indeed been noteworthy. Currently, HOOK is bouncing from the support trendline, which aligns with historical patterns where the price has consistently bounced from this level. 💎 If this bounce proves to be valid, there's potential for the price to resume its upward trajectory, especially if it successfully breaks out above the resistance area at $1.22. The next target movement could be towards our strong resistance area. 💎 However, if HOOK fails to break out above the $1.22 resistance level and faces rejection there, it could signal a potential downward movement back towards the support trendline to establish a new momentum. 💎 A concerning scenario would be if HOOK breaks down below the support trendline, leading it to test the support area in the range of $0.7 to $0.64. 💎 In such a case, the price must bounce from this support level and reclaim the area above the support trendline. If HOOK fails to do so and also breaks below the support, it could indicate a bearish momentum, potentially leading to further downward movement. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise