🎣 $HOOK /USDT – Pullback After Spike: Reload Zone or Trap?
Price: $0.0865 (▼-5.36%)
Category: Launchpad | Traders League
📊 Momentum Analysis
$HOOK pulled back after hitting a local high of $0.1039, now trading near support at $0.0865.
24h volume remains solid: 76.70M HOOK, with $7.22M USDT, signaling that traders are still active post-retrace.
📈 Long Setup
Entry Zone: $0.0833 – $0.0888
Targets:
🎯 T1: $0.0942
🎯 T2: $0.0997
🎯 T3: $0.1052 (depth wall & local high)
Stop Loss: $0.0778 (below 24h low & lower order block)
✅ Breakout Confirmation Level:
$0.0942+ – A close above this level (especially on the 4h chart) with volume will likely lead to a retest of $0.10+ zones.
🔐 Key Support Levels:
$0.0791 (24h Low)
$0.0833 (depth support)
$0.0778 (critical support zone — demand cluster)
💡 Pro Tip for Traders:
Watch for a higher low formation above $0.083 — this could signal bullish continuation. Avoid chasing after spikes; instead, use retracement entries and confirmation candles. A reclaim of $0.094+ may attract breakout traders again.
