$HOOK /USDT BEARISH TREND SLOWING ā POSSIBLE SHORT-TERM RELIEF BOUNCE šā”ļøš
After a steep drop from 0.1308 to the recent low of 0.1090, $HOOK/USDT is showing early signs of stabilization near the lower Bollinger band. While the overall trend remains bearish, a short-term relief bounce is possible if price sustains above 0.1110.
š Trade Setup:
Entry Zone: 0.1110 ā 0.1125
Take Profit 1: 0.1155
Take Profit 2: 0.1185
Stop Loss: 0.1090
š Market Outlook:
The downtrend is still dominant, but oversold conditions may support a minor recovery. A close above 0.1155 would strengthen bullish short-term potential.
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