🔥 HOOK Masssive Falling Wedge Break Out!

١٨ سبتمبر ٢٠٢٣

HOOK has been trading inside a falling wedge for over 8 months now. In my view, a bullish break out of this pattern could lead to a new bull-trend for this token.

Naturally, a bullish BTC will help. Also, this trade could play out over the long-term, so no quick money here. Still, a risk-reward of 20 is very respectable.

I'm waiting for a daily candle to close above the top resistance to confirm the break out.

I'm aware that the bottom support of the wedge doesn't line up perfectly, shouldn't be much of a problem.