$HOOK has increased by 2.612% over the past 24 hours, testing the upper Bollinger Band at 0.1112.
This level suggests potential overextension; a pullback may be imminent.
Support lies at 0.1083, while resistance remains at 0.1116.
Market volatility is contracting, indicating a potential consolidation phase.
Traders should consider placing a stop-loss just below the lower band at 0.1087.
Recommended action: Hold position or set alerts for price action near the upper band.
