HOOK/USDT – Successful Retest of Breakout

HOOK has successfully retested its downtrend breakout zone and is now attempting a fresh leg up, signaling renewed bullish strength. The previous resistance is now acting as solid support.

Analysis Highlights:
Breakout from multi-week downtrend line
Sharp pullback → clean retest of the breakout line
Buyers are stepping back in from the $0.095 zone

Support Levels:
$0.0950 – Immediate support (trendline retest zone)
$0.0996 – Strong horizontal support
$0.0890 – Key invalidation level (SL zone)

Resistance / Targets:
$0.1063 – First target
$0.1234 – Mid-term resistance
$0.1508 – Extended bullish target

Stoploss: Below $0.0890 (close below trendline)
Structure looks bullish for continuation if HOOK holds above $0.0950 and breaks $0.1063 with volume.

DYOR
Not Financial Advice