HOOK/USDT Break Alert!! Indicating Continue the upward Movement.
💎 HOOK has recently experienced significant market dynamics. Currently, HOOK has successfully broken out of a key supply area, indicating bullish momentum for continued upward movement.
💎 HOOK may experience a bounce after a retesting phase at the demand level, probability of continuing its upward trajectory toward our target area.
💎 However, if HOOK fails to bounce at the demand level and the daily candle closes below $1.49, this could signal a false breakout and be a concerning sign for HOOK. In such a scenario, the price may resume its downward movement, with the next potential stop being the Bullish OB area around $1.22.
💎 At the Bullish OB area, it's crucial for HOOK to bounce and reclaim the area above the demand level to maintain its upward momentum. If this scenario fails and HOOK continues to move downward, it may reach the support trendline or even lower levels.
💎 HOOK may experience a bounce after a retesting phase at the demand level, probability of continuing its upward trajectory toward our target area.
💎 However, if HOOK fails to bounce at the demand level and the daily candle closes below $1.49, this could signal a false breakout and be a concerning sign for HOOK. In such a scenario, the price may resume its downward movement, with the next potential stop being the Bullish OB area around $1.22.
💎 At the Bullish OB area, it's crucial for HOOK to bounce and reclaim the area above the demand level to maintain its upward momentum. If this scenario fails and HOOK continues to move downward, it may reach the support trendline or even lower levels.
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