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$HOOK /USDT Bearish Breakdown – Trade Setup Alert 🔥
Current Price: $0.0226
Entry Zone: $0.0224 - $0.0226
Target 1: $0.0210 (Next key support zone)
Target 2: $0.0195 (Potential bearish continuation)
Stop Loss: Above $0.0235
Trade Setup:
$HOOK /USDT is in a clear downtrend, with the price recently rejecting resistance at $0.0444. A bearish momentum is pushing the price lower, and it’s now consolidating near the key support level at $0.0224. Volume is showing a steady decline, indicating weakening bullish pressure.
Why This Setup?
A breakdown below $0.0224 would trigger the next phase of the downtrend, offering a solid short opportunity with minimal risk. Expect further downside towards $0.0210 and potentially lower levels if the bearish momentum persists. Keep an eye on the volume as a confirmation for continued selling pressure.
Final Thought:
This is an ideal setup for short traders looking to capitalize on a breakdown. Set your entry near $0.0224 and prepare for further downside movement if the support fails to hold.
#Hook.