🔻 $HOOK /USDT – Short Trade Setup
Entry: $0.1157
Target 1: $0.1109 (~4.15% profit)
Target 2: $0.1059 (~8.55% profit)
Stop Loss: Above $0.1258 (~8.70% risk)
📉 Reason for Short Setup:
HOOK is down –3.98% and sitting just above its 24h low of $0.1155. After a failed attempt to hold above $0.1296, the price is weakening with fading volume. If it loses $0.1155 support, it could accelerate toward the $0.105 zone.
📊 Profit & Loss Outlook (Approximate):
Best Case (TP2 hit): +8.55% gain
Worst Case (SL hit): –8.70% loss
Favorable Risk:Reward Ratio: ~1:1 if targeting TP2, tighter risk if scaling out at TP1
A clean short setup for intraday or short-term traders watching weakness at support.