Analysis for HOOK/USDT on the 4-hour chart:

1. Trend Overview:

- Price is in an uptrend, maintaining levels above the 200 EMA.

- The trend line is serving as a reliable support.

2. Momentum Indicators:

- The slope of the 200 EMA indicates a strong bullish momentum.

3. Higher Time Frame (HTF) Trend:

- The overall trend on higher time frames is bullish, suggesting potential for new highs or retesting previous resistance levels.

4. Entry Strategy:

- Consider a long position after a price retest of the trendline or 200 EMA.

5. Trade Parameters:

- Buy at $1.05.

- Target price set at $1.36.

- Stop Loss (SL) at $0.94.

#HOOK #altcoins #BONK #BTT #DOGE

$HOOK $SOL $XRP