$HOOK /USDT

Potential Entry for a Short Position

$HOOK /USDT pair has been experiencing a downward trend on the timeframe. The price has recently broken below a key support level, indicating a potential continuation of the bearish momentum.

Current Price: $0.4302

Entry Price: $0.4302 (Short Sell)

Resistance Levels:

* $0.4350

* $0.4400

* $0.4450

Support Levels:

* $0.4250

* $0.4200

* $0.4150

Take-Profit Targets:

* Target 1: $0.4250

* Target 2: $0.4200

* Target 3: $0.4150

Stop Loss: $0.4350

Caution:

* The market is highly volatile, and prices can change rapidly.

* Always use proper risk management techniques, such as stop-loss orders, to limit potential losses.

* Traders should monitor the market closely for any signs of reversal or stabilization.

#HOOKUSDT #CryptoTrading. #TechnicalAnalysis #ShortPosition #Binance