🚀 $HOOK /USDT Trading Signal – Bullish Momentum?
Current Price: $0.2066 (+11.98%)
24H High: $0.2107 | 24H Low: $0.1679
Volume: 20.96M – Strong buying pressure
📊 Technical Overview Trend: HOOK is in a strong uptrend, holding above MA(7), MA(25), and MA(99). Support Zone: $0.1940 - $0.1960 (previous breakout level). Resistance Zone: $0.2107 - $0.2150 (current high & psychological barrier). 📈 Trade Setups
Pullback Entry
Buy Zone: $0.1950 - $0.2000 Rationale: If HOOK retests support, it could bounce and continue its rally.
Breakout Entry
Trigger: Above $0.2110 with volume Rationale: A breakout above resistance could push HOOK towards $0.2200+. 💡 Risk Management Stop-Loss: $0.1890 (below MA(25) to protect downside). Take-Profit Targets: $0.2150 - $0.2200 (Immediate resistance). $0.2300+ (If strong momentum continues).
⚠️ Final Thoughts:
HOOK is showing strong bullish momentum and above key moving averages. A clean break above $0.2110 could signal a continued uptrend, while a pullback near $0.1950 may offer a solid buy opportunity. Watch volume and price action closely!