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Hookusdtsignal

HOOK/USDT shows bouncing from support and back to upward!💎 Paradisers, the recent market dynamics surrounding #HOOK have indeed been noteworthy. Currently, HOOK is bouncing from the support trendline, which aligns with historical patterns where the price has consistently bounced from this level. 💎 If this bounce proves to be valid, there's potential for the price to resume its upward trajectory, especially if it successfully breaks out above the resistance area at $1.22. The next target movement could be towards our strong resistance area. 💎 However, if HOOK fails to break out above the $1.22 resistance level and faces rejection there, it could signal a potential downward movement back towards the support trendline to establish a new momentum. 💎 A concerning scenario would be if HOOK breaks down below the support trendline, leading it to test the support area in the range of $0.7 to $0.64. 💎 In such a case, the price must bounce from this support level and reclaim the area above the support trendline. If HOOK fails to do so and also breaks below the support, it could indicate a bearish momentum, potentially leading to further downward movement. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise
HOOK/USDT it is required break the resistance for continue UP!💎 HOOK has recently exhibited significant market dynamics, particularly as it encounters resistance in its current trading range. 💎 HOOK needs to break and reclaim the price above this resistance level to signal a bullish reversal and probability continue its upward movement toward our target area. 💎 However, if HOOK fails to overcome this resistance and experiences rejection, there is a possibility that the price will retreat and test support levels. The demand area around $1.16 to $1.023 is crucial in this scenario, as it has historically provided significant support. 💎 If HOOK reaches the demand area, it must bounce from this level to maintain its bullish momentum. Failure to do so could lead to a bearish continuation, with the price potentially experiencing further downward movement.
by MyCryptoParadise_Nathan
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