Hooked Protocol (HOOK)

On the above daily chart price action has corrected 80%. A few reasons now exist to be long, including:

1) Price action and RSI resistance breakouts.

2) Price action trend reversal. Higher highs replace lower highs.

3) Support and resistance. Look left. Price action prints support on past resistance.

4) The bull flag flagpole forecasts a move to 2.50

Is it possible price action corrects further? Sure.
Is it probable? No.

Ww

Type: trade
Risk: <=6%
Timeframe for long: Yesterday
Return: Did you read the idea?

Trade active:

GRM support confirmation.

Comment:

past resistance confirms support

Comment:

On support...

Did I read that correctly? Folks were buying at $1.60 and are now selling at $1.
When you see swings like this you know the market is entering full emotions.

Trade active:

Support confirmed. Fill yer boots.