HOOK/USDT It required bounce and to continue upward!!💎 HOOK has been capturing considerable attention in the market, currently consolidating in a zone that previously acted as resistance. Adding to this dynamic is HOOK's movement within a Bullish pennant formation in the Lower Time Frame (LTF), indicating a potential breakout. If HOOK manages to successfully break out of this pattern, the probability it could lead to a smoother trajectory toward our targeted strong resistance area.
💎 However, should HOOK fail to maintain its position above the support area or if it breaks below this level, it would be a concerning development. Such a scenario would signify a failure of the Bullish pennant formation, potentially setting the stage for HOOK to revert to a downward trend towards the strong support area.
