$HOOK /USDT BEARISH MOVE IN PLAY
$HOOK takes a -9.16% dive, now sitting at $0.1011 as sellers dominate after rejection from the $0.1134 high.
Resistance levels:
➤ $0.1050
➤ $0.1100
➤ $0.1150
Support levels:
➤ $0.1006 (24h Low)
➤ $0.1000 (Psychological Support)
➤ Below that, potential freefall to sub-$0.095 zones
Trading volume is moderate with 9.46M HOOK, showing active sell-side interest. Breakdown below $0.1000 could signal further downside.
Short Trade Setup
Entry: $0.1008
TP1: $0.0960
TP2: $0.0920
SL: $0.1065
Risk Management:
Control risk with 2% capital per trade. Watch for fakeouts near round numbers. Let price action confirm continuation.
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