HOOK/USDT TRADE SETUP! LOW RISK, HIGH REWARD!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this HOOK/USDT trade setup.
HOOK looks good here. Forming a descending triangle in a 4hr time frame and currently bouncing from the lower trendline of the triangle. Open a long position here and add more in the dip.
Entry range:- $1.68-$1.74
Target1:- $1.84
Target2:- $2.02
Target3:- $2.20
Target4:- $2.35
SL;- $2.64
Leverage:- 5x-10x
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Hook
HOOKUSDT Idea As you can see, the first 5-wave Elliott Wave is forming in an ascending mini-channel.
To use this setup, I suggest that you enter into a buy trade ( long trade ) after the price hits the bottom of the upward channel and when the fifth Elliott wave forms.
Place the targets on the upper line of the channel or the end of the fifth wave
BINANCE:HOOKUSDT
✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view,
And only some of these analyzes are my actual real trades.
I hope Traders consider I am Not responsible for your trades and investment decision.
HOOKUSDTHOOKUSDT 4H :
It broke the downward accumulation triangle it had been forming and now needs a strong buying impulse to reverse the bearish trend.
Its decisive support is at 1.8942 and to reverse the trend it needs to break 2.2176.
Following are the supports and resistances on the M45:
S1: 1.9315
S2: 1.8876
R1: 2.0013
R2: 2.0737
RSI with exhaustion of selling forces.
HOOKUSDT 2HHOOKUSDT 2H
Cumulative wedge formation. The indicatives have more than one proof of correction, not so strong, because it is already on the lower edge of the wedge.
We follow the supports and resistances not 2H:
Main support levels : 2.5459 / 2.3116
Main Resistance Levels : 3.0457 / 3.2956
MACD is neutral
RSI : SELLER
EMAs: Apontadas for baixo.
The promise of the Hooked protocol is to bring 1 billion people to Web3, thus helping people to generate more and better virtual assets. IA HOOK products (at the moment) include -
AIGC-powered tainted avatar NFTs
Artificial intelligence tutors based on ChatGPT from Hooked Academy
Web3 friends and dear animals, living in a gamified metaverse (Hooked Town) with you
Hook Cup and Handle - 2x From Here? ☕Price is currently within the golden pocket and is being supported by the 50 day MA, two areas of confluence to support my theory that Hook could potentially stage a 2x from here. 🚀
NFA & DYOR - Thanks! 🤑
HOOK/USDTSPOT PLAY :
HOOK/USDT is showing a symmetrical triangle ( bullish if breaks to the upside and retested) in 4(Hourly) timeframe.(its recommended to BUILD position according to given buying zones).
STOP LOSS = mentioned in the chart itself
Take profits are mentioned in the chart itself. DYOR.
Always DO YOUR OWN RESEARCH before taking any trade or before investing your hard earned money.
Suggestion/Tip – It is always better to take profit, whether all the zones are bought or not.
Suggestion/Tip 2 - When price is moving on right way
"it is always recommended to move stop-loss to profit side".
If you like the idea and benefited from it please like , share & comment to keep us motivated.
Hooked Protocol (HOOK) formed a bullish BAT for upto 37.50% moveHi dear friends, hope you are well and welcome to the new trade setup of Hooked Protocol (HOOK) with US Dollar pair.
Recently we caught more than 200% pump of HOOK as below:
Now on a 4-hr time frame, HOOK has formed a bullish BAT move for another price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade