$HOOK /USDT – Oversold Reversal Setup
HOOK has declined sharply to $0.0920, down 16.29% over the past 24 hours, presenting a potential bounce opportunity from an oversold condition.
Despite the drop, price has respected the $0.0897 support zone. Volume has surged to $17.16M USDT, indicating capitulation and potential clearing of weak positions.
As a Binance launchpad project, HOOK carries historical precedent for sharp recoveries.
Entry Zone: $0.0910–$0.0920
Targets:
$0.0940 (initial rebound)
$0.0960 (intermediate resistance)
$0.0980+ (potential retest of breakdown)
Stop Loss: $0.0890 (below 24H low)
Key Technical Levels:
Support: $0.0910 → $0.0897
Resistance: $0.0940 → $0.0980
Technical Note: Watch for a 1-hour RSI breakout above 30 as early confirmation of reversal strength.
Risk Warning: This is a counter-trend, high-volatility setup. Limit exposure to 0.5–1% of capital.
Price may revisit lows before any sustained move higher.
Trade here 👉🏻 $HOOK