The blood concentration of chemical Y via a negative feedback loop

A newly discovered hormone X is determined to be structurally similar to cholesterol. Hormone X appears to regulate the blood concentration of chemical Y via a negative feedback loop.

Would hormone X need a transport protein to move in the bloodstream to its target cell- yes or no? Type answer as one of the 2 choices given.

If the concentration of chemical Y decreases, what would happen to the secretion of hormone Xincrease, remain the same or decrease? Type answer exactly as one of the 3 choices given

What effect will this change in hormone X have on the blood concentration of chemical Y- increase, remain the same, or decrease? Type answer exactly as one of the 3 choices given.