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MyCryptoParadise_Nathan
Mar 30, 2024 9:24 PM

Eyes on HOOK! 🎣 Watch for Bullish Breakout! πŸš€Β 

HOOK / TetherUSBinance

Description

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πŸ’Ž Paradisers, #HOOK has broken out of a trendline and formed a W pattern, which suggests an increased likelihood of a bullish move.

πŸ’ŽIf #HOOKUSDT manages to break above the resistance level, it could signify a bullish continuation.

πŸ’ŽIn the event of a pullback, we might anticipate a bounce from the bullish order block (OB) due to the overall bullish market structure.

πŸ’ŽHowever, should the price break below the bullish OB level, it might indicate a shift to a bearish scenario. Nonetheless, it's wise to wait for clearer price action before making any trading decisions.

πŸ’ŽIf you're new to technical analysis and finding it confusing, don't hesitate to reach out via DM or comment below. I'm here to assist you in navigating through it.
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