HOOKUSDT
An incomplete corrective upward waveFive downward waves have been made, and three upward corrective waves remain before another five downward waves are completed
Note: one last upward corrective wave out of the three corrective waves remains, and the corrective rise ends, and another strong new decline begins.
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
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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 Idea HOOKUSDT - HOOKUSD Idea HOOKED vs USDT
✅ ✅ 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.