Here is your professional and aggressive technical analysis post for Binance Square:
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$HOOK USDT BEARISH REVERSAL: STRONG REJECTION FROM $0.125 🔻
HOOK showed an impressive rally earlier, peaking at $0.1248, but faced an immediate and aggressive rejection. Price has now dropped to $0.1117, forming lower highs and suggesting bearish momentum is building as buyers lose control.
📊 Trade Setup:
Short Entry Zone: $0.1120 – $0.1140
Take Profit 1: $0.1080
Take Profit 2: $0.1040
Stop Loss: $0.1170
💡 Market Outlook:
HOOK’s 15M chart shows a clear trend reversal after failing to sustain above $0.1248. If sellers maintain dominance below $0.1140, we
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buy and trade here on $HOOK