Yello Paradisers! Have you noticed HOOKUSDT broken out of the resistance trendline recently? This could be the setup we've been waiting for đ
đHOOKUSDT has broken out of its resistance trendline, and after a consolidation, it's showing signs of a Cup & Handle pattern, with bullish divergence strengthening the case for a potential upward move.
đIf HOOKUSDT breaks out and closes a candle above the resistance zone, this will validate the pattern, significantly increasing the probability of a bullish reversal from here.
đHowever, in case of a retracement, a bounce from the support zone is likely, but to increase our probability, weâd want to see a bullish I-CHoCH (Internal Change of Character).
đIf the price breaks down and closes candle below the support zone, it will invalidate our bullish setup. In that scenario, itâs better to wait for clearer, stronger price action before making any moves.
đPatience is key here. Whether we see a breakout or breakdown, itâs important to follow the strategy and wait for high-probability setups. Consistency, not impulse, is how you succeed in this game.
MyCryptoParadise
iFeel the successđŽ
