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HOOKUSDT trade ideas

Hooked Protocol (HOOK)On the above daily chart price action has corrected 80%. A few reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Price action trend reversal. Higher highs replace lower highs. 3) Support and resistance. Look left. Price action prints support on past resistance. 4) The bull flag flagpole forecasts a move to 2.50 Is it possible price action corrects further? Sure. Is it probable? No. Ww Type: trade Risk: <=6% Timeframe for long: Yesterday Return: Did you read the idea?
Long
by without_worries
1
HOOK, Massive opportunityWelcome, Trader. Welcome to our cryptocurrency community! 🚀We are delighted to welcome you, whether you are an experienced trader or a newcomer to cryptocurrency. We are going to discussing #HOOKUSDT 💹. #HOOKUSDT 🔥🚀. Update: Timeframe: 6 hours. ➡️ HOOK was moving downward, followed by the bullish falling wedge pattern. It has completed an upward breakout, which could indicate a bullish move🚀. Retest confirmation is pending. We expect about 42% in the near future. 👉✅.
Long
by CryptoAnalystHub
HOOK/USDT shows bouncing from support and back to upward!💎 Paradisers, the recent market dynamics surrounding #HOOK have indeed been noteworthy. Currently, HOOK is bouncing from the support trendline, which aligns with historical patterns where the price has consistently bounced from this level. 💎 If this bounce proves to be valid, there's potential for the price to resume its upward trajectory, especially if it successfully breaks out above the resistance area at $1.22. The next target movement could be towards our strong resistance area. 💎 However, if HOOK fails to break out above the $1.22 resistance level and faces rejection there, it could signal a potential downward movement back towards the support trendline to establish a new momentum. 💎 A concerning scenario would be if HOOK breaks down below the support trendline, leading it to test the support area in the range of $0.7 to $0.64. 💎 In such a case, the price must bounce from this support level and reclaim the area above the support trendline. If HOOK fails to do so and also breaks below the support, it could indicate a bearish momentum, potentially leading to further downward movement. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise
HOOK/USDT Eyeing for Next Bullish Rally? 👀🚀HOOK Analysis💎Paradisers, turn your attention to #HOOKUSDT, where current signals indicate a promising chance for a bullish turnaround from an essential support zone. 💎Upon analyzing #HookedFinance's latest market activity, we've recognized a 35% dip from its peak. However, the steadfastness at the $1.12 support level suggests a potential rise. 💎While facing challenges in achieving new peaks or surpassing previous milestones, which has led to a brief bearish sentiment, the $1.12 level remains crucial for #HOOK. It stands ready to ignite a substantial bullish wave with another look. 💎In our arsenal of strategies, there's always a Plan B. If #HOOK falters at this support and dip further, our sights are set on a bullish rebound from a secondary support at $0.81. It's crucial to note, though, that breaking below this point could herald a longer-term bearish trend. 💎Maintain flexibility in your trading approaches and stay sharp to market movements, Paradisers. Your ParadiseTeam is on constant watch, geared to guide you through these fluctuating market conditions.
Long
by MyCryptoParadise_Simon