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HOOK / TetherUS

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HOOKUSDT trade ideas

#HOOKUSDT (Watchlist) 4-2023Consider adding this BINANCE:HOOKUSDT to your watchlist. When we suggest adding a coin to your watchlist, it means it's forming a pattern or approaching a historical bottom, near or above a good support level, displaying increased trading volume, showing a reversal candle, in an accumulation stage, etc. However, we haven't seen any bullish reaction yet, so we recommend adding it to your watchlist until the right time for entry. Note: This isn't financial advice, but an analysis of coin movement (not a buy or sell signal). Before following any ideas, do your own research and practice good risk management. You can't impose your opinion or force it to happen in the cryptocurrency market. So, be prepared for any outcome. Remember, the cryptocurrency market is highly volatile and involves both gains and losses. Understand the risks before investing. Good luck to everyone, and we hope that Allah reconciles and repays us all. 🙏
Long
by HamadaMark
HOOKUSDT is testing the resistanceThe price is currently testing the 4-hour resistance level, which could act as a significant barrier for the price to move higher. If the price manages to break above this level and confirm the new uptrend, according to Plancton's rules, a new long position could be taken. However, it's crucial to keep in mind that the price may face some resistance at the 2.2 area, which is a significant resistance level. Traders should watch for signs of increased buying volume and momentum to confirm the breakout and avoid false signals. Overall, HOOKUSDT's recent price action indicates a potential bullish move, but traders should wait for the confirmation of the breakout and consider the risk-reward ratio before making any trading decisions.
by InkyGrip
2