$HOOK /USDT – BEARISH MOVE AHEAD! 🔻📉

📊 Technical Analysis: The price of $HOOK /USDT is currently trading at $0.0884, showing a slight intraday uptick but remains under pressure after recent rejection near resistance.

🔍 Key Levels:

Resistance:

$0.0930 – Strong intraday resistance (recent high) ❌

$0.0952 – Daily resistance and recent 24h high 🔺

Support:

$0.0864 – Key short-term support ⚠️

$0.0840 – Major support from previous structure 🔻

📉 Market Structure:

Price is forming lower highs and struggling to break above $0.0930, signaling bearish pressure. The short-term trend suggests weakness below this resistance.

💼 Trade Setup – SHORT ENTRY

🔹 Entry: $0.0895 – $0.0900 (on minor bounce to resistance)

🔹 Take Profit (TP):

TP1: $0.0864

TP2: $0.0840

🔹 Stop Loss (SL): $0.0935 (above key resistance)

⚖️ Risk Management:

💰 Risk only 1-2% of your capital per trade.

✂️ Stick to SL and avoid emotional exits.

📈 Always wait for a clear confirmation before entry.

📢 Conclusion:

With rejection at resistance and bearish price action, HOOK/USDT is setting up for a potential short opportunity. Stay disciplined and manage risk wisely! 🚨📉

#CryptoTrading #HOOKUSDT #TechnicalAnalysis #ShortSetup #BearishTrend #Write2Earn $HOOK