HOOK has successfully retested its downtrend breakout zone and is now attempting a fresh leg up, signaling renewed bullish strength. The previous resistance is now acting as solid support.
Analysis Highlights:
Breakout from multi-week downtrend line
Sharp pullback → clean retest of the breakout line
Buyers are stepping back in from the $0.095 zone
Support Levels:
$0.0950 – Immediate support (trendline retest zone)
$0.0996 – Strong horizontal support
$0.0890 – Key invalidation level (SL zone)
Resistance / Targets:
$0.1063 – First target
$0.1234 – Mid-term resistance
$0.1508 – Extended bullish target
Stoploss: Below $0.0890 (close below trendline)
Structure looks bullish for continuation if HOOK holds above $0.0950 and breaks $0.1063 with volume.
DYOR
Not Financial Advice
Analysis Highlights:
Breakout from multi-week downtrend line
Sharp pullback → clean retest of the breakout line
Buyers are stepping back in from the $0.095 zone
Support Levels:
$0.0950 – Immediate support (trendline retest zone)
$0.0996 – Strong horizontal support
$0.0890 – Key invalidation level (SL zone)
Resistance / Targets:
$0.1063 – First target
$0.1234 – Mid-term resistance
$0.1508 – Extended bullish target
Stoploss: Below $0.0890 (close below trendline)
Structure looks bullish for continuation if HOOK holds above $0.0950 and breaks $0.1063 with volume.
DYOR
Not Financial Advice
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.