$HOOK /USDT short trade signal 🛑 🚦

BEARISH RETRACEMENT SETUP AFTER RALLY SLOWDOWN

After a strong upward push from the 0.1020 zone to a peak of 0.1192, $HOOK is now stalling just below resistance, showing early signs of momentum loss. Sellers may step in to trigger a corrective pullback before the next potential bullish attempt.

Trade Setup (Short Entry)

Entry Zone: 0.1165 – 0.1185

Take Profit 1: 0.1120

Take Profit 2: 0.1065

Stop Loss: 0.1195

Market Outlook:

The 1H chart shows price consolidating after a steep rally, with volume slightly fading. If price remains capped below 0.1190, a short-term drop toward the 0.1065 support zone is likely. Maintaining caution here could give traders an edge before the next volatility spike.

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buy and trade here on $HOOK