HOOKUSDT
Why i am buying HOOK?
HOOK has been making a long accumulation and then in it's continuation it has made a nice triangle which can give 30-50% upside move from here
Personally i am in HOOK from 3.3$ with invalidation of 2.75$
I have found something interesting in HOOK is that:
First:
those white arrows are the daily lows which were shaken out and then price stayed above it..price never came back
Second:
those purple arrows are the dumps which took out those daily lows and it just happened again in today's candle. what does it means?
it means high chances that price will not go lower than those daily lows which were taken..just like it happened 3 times before.
Third:
Next!..on 4hr time frame it is making a clean triangle which is going to breakout anytime soon
Also this whole structure of price in HOOK is similar to MAGIC coin and magic coin gave a nice rally after the breakout
check the last picture..its the chart of MAGIC coin which made same structure and gave breakout of minimum 30% and maximum 48% till now.
MAGIC and HOOK CHART:
To all of this..its just one thing which is making worried is BTC looks choppy and bearish.
But we have so many reasons to buy HOOK..which i already mentioned..dont you think HOOK deserves a bet?
lets see how our HOOK trade goes✌️
