HOOK / TetherUSLong
🔥 HOOK Masssive Falling Wedge Break Out!
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.
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.
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