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🔥 HOOK Potential Bounce Area Located
HOOK / TetherUS
Long
🔥 HOOK Potential Bounce Area Located
By FieryTrading
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Updated
Mar 19, 2023
1
6
Cheer
Cheer
6
6
Mar 9, 2023
HOOK has been selling off for practically a month at the moment. However, I think we can expect some sort of bounce in the near future.
I copied the top dotted trendline and attached it to the December lows to create a parallel channel.
I'm waiting for HOOK to hit the bottom resistance of the channel before considering an entry. Targets in blue.
Keep in mind that this is a risky trade.
Mar 13, 2023
Comment
Support held perfectly. Closing in on target 1.
Mar 14, 2023
Comment
TP 1 hit
Mar 19, 2023
Comment
✅ Target 2 hit!
Chart Patterns
Technical Indicators
Trend Analysis
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