A few of you asked about shorting $HOOK around the 0.1204 level—here’s the breakdown:
Price got rejected near 0.1210 resistance with weak follow-through.
Momentum is fading, and volume confirms lack of buying interest. Looks like a solid short setup if it breaks lower.
Short Trade Suggestion:
Entry: 0.1204
Take Profit: 0.1120
Stop Loss: 0.1235
Suggestion:
Nice risk-to-reward ratio if it holds under resistance. Watch for confirmation on lower timeframes.