Thoughts on #HOOK:

$HOOK is trading within a clear horizontal range, with price currently hovering near the lower boundary of the channel. This area is critical, as buyers have defended it multiple times, keeping $HOOK compressed and volatility low.

HOOKUSDT

Perp

0.03037

-7.49%

A confirmed breakdown below the channel support would favor a short setup, opening room for continuation to the downside. As long as $HOOK remains inside the range, however, chop and fake moves are likely, so patience is key until a clean break occurs.