$HOOK /USDT BEARISH SETUP – PRESSURE BUILDING BELOW KEY LEVELS 🔻

📌 Current Price: $0.1013 (-9.71%)

📉 24H Low: $0.0997

📈 24H High: $0.1148

📊 Volume (HOOK): 74.67M

💵 Volume (USDT): 8.01M

🚀 Category: Launchpad Token

🔍 TECHNICAL OVERVIEW (4H + 1D CHARTS)

HOOK has suffered a steep decline, dropping nearly 10% in 24 hours and now sitting just above the critical $0.1000 psychological support. Volume remains high, but the trend shows clear bearish pressure after rejection from the $0.114–$0.1150 resistance zone.

🔑 KEY LEVELS TO WATCH:

🟢 Support Zones:

$0.0995 – Immediate support (24H low & psychological level)

$0.0900 – Strong historical demand zone

🔴 Resistance Zones:

$0.1050 – Minor short-term resistance

$0.1100 – Trendline resistance

$0.1148 – Recent 24H high

⚔️ TRADE SETUP (SHORT):

🔽 Entry Zone: $0.1005 – $0.1015 (current zone, breakdown anticipation)

🎯 TP1: $0.0950

🎯 TP2: $0.0900

🛑 SL: $0.1060 (above minor resistance)

> 📉 Breakdown Confirmation: Wait for a 15m or 1H candle close below $0.0995 with a spike in volume to validate entry.

⚖️ RISK MANAGEMENT:

Risk only 2–3% of total capital

Keep Risk/Reward ≥ 1:2

Use trailing stop-loss after TP1 to secure gains

📈 SUMMARY:

$HOOK is showing clear downtrend continuation after failing to hold above $0.1100. A decisive breakdown below $0.1000 could lead to acceleration toward $0.0900, especially with bearish volume dominance. Avoid longs unless a strong reclaim above $0.1050 is seen.

⚠️ Bearish bias active – keep a close eye on $0.0995 breakdown level.

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