*๐ HOOK Forming a Bullish Launchpad โ Falling Wedge Breakout Ahead? ๐*
HOOK is flashing a classic *falling wedge* pattern โ a well-known bullish reversal signal. The setup is tightening, momentum is shifting, and it looks like bulls are prepping for a move. Letโs break it down ๐
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๐ *Why This Works*
1. *Falling Wedge* spotted on daily โ a textbook bullish structure โ
2. *Volume cooling off* โ a sign sellers are losing grip ๐
3. *Strong support* held around *0.1063* and *0.0996* ๐ก๏ธ
4. Clean *risk-to-reward* โ tight stop with potential for explosive upside ๐ฏ
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๐ *Trade Setup Breakdown*
- *Entry Zone:* Above 0.1130 confirmation ๐ข
- *Support (Stop Loss):*0.0990 ๐
- *TP1:* 0.1450 ๐ฅ
- *TP2:*0.1750 ๐
- *TP3:* $0.1950 (full wedge target) ๐
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๐ง *Final Thoughts*
This is a well-structured setup with a low-risk/high-reward outlook. A breakout above the wedge could trigger a strong bullish wave. But always DYOR, manage your stop-loss smartly, and trail profits as targets get hit ๐โจ
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