$HOOK

HOOK has been under heavy pressure lately. From the top near 0.04, it has lost strength continuously. You can clearly see lower highs and lower lows, which tells us trend is still bearish.

That said, price is now sitting near a strong psychological zone around 0.033. This area has acted as support before, and again we see price slowing down here.

What I’m watching is seller exhaustion. Big red candles are getting smaller, and wicks are appearing. That often means panic selling is ending.

No confirmation yet, though. A proper recovery only starts if HOOK reclaims 0.035 with confidence. Until then, this is a wait-and-watch chart. Catching bottoms without confirmation is how people lose money.