🔥 HOOK Potential Bounce Area Located

9 Mar 2023

HOOK has been selling off for practically a month at the moment. However, I think we can expect some sort of bounce in the near future.

I copied the top dotted trendline and attached it to the December lows to create a parallel channel.

I'm waiting for HOOK to hit the bottom resistance of the channel before considering an entry. Targets in blue.

Keep in mind that this is a risky trade.

13 Mar 2023

Not

Support held perfectly. Closing in on target 1.

14 Mar 2023

Not

TP 1 hit

19 Mar 2023

Not

✅ Target 2 hit!