$HOOK /USDT BEARISH SETUP UNDERWAY

Current Price: $0.1100

HOOK is struggling to recover after a sharp drop of -7.64%, failing to reclaim key resistance at $0.1199. The price action shows lower highs and consistent sell pressure, pointing toward continued downside unless bulls step in aggressively.

Key Technical Levels:

Resistance Levels:

$0.1120 – Minor resistance

$0.1199 – Major resistance (24h High)

Support Levels:

$0.1066 – Immediate support (24h Low)

$0.1030 – Next strong support

$0.0980 – Bearish target zone

TRADE SETUP – SHORT POSITION

Entry: $0.1105 - $0.1115

Targets (TP):

TP1: $0.1066

TP2: $0.1030

TP3: $0.0980

Stop Loss (SL): $0.1135

Risk Management:

Risk only 1-2% of total capital per trade. Maintain a minimum 1:2 risk/reward. Always use a stop loss to protect capital and avoid emotional trades!

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