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📉 Coin Name: #HOOK

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Based on the analysis of the 1-hour time frame, it appears that HOOK is forming an ascending channel pattern. This pattern typically indicates a bullish trend. Furthermore, there's been a breakout above the resistance line of this ascending channel, which further strengthens the bullish sentiment.

Given this analysis, here are the recommended trading parameters:

Entry: Either at the market price or at 1.5585

1st Take Profit (TP): 1.6198

2nd Take Profit (TP): 1.6460

3rd Take Profit (TP): 1.7000

Stop Loss (SL): 1.5100

This setup suggests a bullish outlook for HOOK, with potential targets at 1.6198, 1.6460, and 1.7000. The stop loss is placed at 1.5100 to manage risk in case the trade goes against the anticipated direction.

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