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$HOOK/ USDT — Short Selling Opportunity at Local Resistance
HOOK is testing a strong resistance zone during the day around $0.0508–$0.0513 after a strong recovery. The trend remains overall negative, and this level has repeatedly rejected prices on the 1H chart.
→ Current Price: $0.0510
💸 Sell Order Zone: $0.0508 – $0.0513
• TP1: $0.0492
• TP2: $0.0480
• TP3: $0.0465
⛔ Stop Loss: $0.0519
The rejection from $0.0513 keeps the bearish momentum active to continue heading towards lower support levels.
I got trapped as soon as I came in.