$HOOK /USDT – BEARISH BREAKDOWN IMMINENT! 🔻📉

$HOOK /USDT is showing strong bearish momentum after rejecting from the $0.1110 resistance and failing to hold above the key $0.1000 psychological level. Currently trading at $0.0954 (-13.98%), the pair looks poised for further downside.

📊 KEY LEVELS TO WATCH:

🔼 Resistance Zones:

$0.1000 – Psychological level & broken support

$0.1040 – Minor resistance from recent wicks

$0.1110 – Daily high, major rejection point

🔽 Support Zones:

$0.0944 – Immediate support (24h low)

$0.0930 – Next crucial level

$0.0900 – Strong daily support; a break below could accelerate selling

🚨 TRADE SETUP – SHORT ENTRY IDEA:

Entry: $0.0950–$0.0960 (after weak bounce)

Stop Loss (SL): $0.1005 (above broken support zone)

Take Profit (TP):

TP1: $0.0930

TP2: $0.0900

TP3: $0.0875 (extension target if sell-off continues)

🧠 Risk-Reward Ratio: ~1:2.5

💼 Risk Management: Never risk more than 1–2% of your capital per trade. Stick to the plan & always use a stop loss.

🔍 Summary:

With bears in control and price struggling below $0.1000, HOOK/USDT presents a clean short opportunity. Watch for weak bounces to enter and protect capital with tight risk management. 🛡️📊

#CryptoTrading #HOOKUSDT #TechnicalAnalysis #ShortSetup #BearishTrend $HOOK