$HOOK /USDT - Short Trading Opportunity After Bearish Rejection 🔥💯
$HOOK /USDT faced strong rejection near 0.1156, and is now trading below the main support level at 0.1080 on the 15-minute chart. The formation of lower highs and a break below the last consolidation area confirms a bearish trend, providing an easy sell entry opportunity.
Entry Price: 0.1077
Target 1: 0.1040
Target 2: 0.1020
Target 3: 0.0998
Stop Loss: 0.1111
Risk Management:
Use 3-5% of your total capital. After reaching Target 1, move the stop loss to breakeven and take partial profits to manage risk effectively.
Professional Tip:
If the HOOK stock continues to make lower highs from 0.1080 with decreasing buying pressure, expect further declines. Avoid exiting early until trading volume confirms a trend reversal.