📉 HOOK / USDT Breakdown in Motion?
Current Price: $0.1209
HOOK is flashing warning signs as a sharp rejection from the $0.1240 zone sparks short-term bearish momentum. With the structure breaking down and key levels crumbling, the setup is shaping up for traders watching the drop.
🧨 Short Setup
Entry Zone: $0.1220 – $0.1240
Take Profits:
TP1: $0.1180
TP2: $0.1150
TP3: $0.1120
Stop Loss: $0.1255
📍 Structure Insight
Clear rejection from $0.1240, turning prior resistance into a ceiling.
30-minute chart shows 3 straight red candles, indicating momentum is shifting.
Local support at $0.1205 broken, suggesting further downside pressure.
⚠️ Watch Closely
A 30-minute close below $0.1205 would confirm the breakdown and accelerate the move. HOOK, known for sharp retraces off local highs, could drop fast—stay nimble and manage risk tightly.