🔥 HOOK Potential Bounce Area Located

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.

Comment:

Support held perfectly. Closing in on target 1.

Comment:

TP 1 hit

Comment:

✅ Target 2 hit!