🔥 $HOOK /USDT Bearish Breakdown – Watch for Potential Reversal! 🔥
$HOOK/USDT is currently down -2.49%, trading at $0.0235, after a sharp drop from the 24h high of $0.0245. The price reached a low of $0.0235 and is showing signs of consolidation at key support levels. If the price holds above $0.0230, we could see a bounce toward higher levels. However, a break below $0.0227 might signal further downside potential.
Trade Setup:
Buy Zone: $0.0230 - $0.0235
Target 1: $0.0240
Target 2: $0.0250
Stop Loss: $0.0225
Key Notes:
Price is testing the support range.
Watch for a potential reversal at $0.0230 for a bounce.
Volume trends indicate cautious optimism — monitor closely for buying activity around $0.0235.
Conclusion: If $HOOK holds the support zone, a bounce may be in play. If it breaks lower, prepare for further weakness.