$HOOK 🚀
Spot Entry Strategy for a Hook Pattern
Here’s a basic breakdown of how to spot and enter a hook trade in the spot market (no leverage):
1. Identify the Trend
Use the 1H, 4H, or daily chart.
Look for a strong trend (higher highs & higher lows in uptrend, or vice versa in downtrend).
2. Wait for the Pullback
A pullback to the 9 EMA, 21 EMA, or a trendline.
You may also see a slight RSI dip or MACD curl back.