HOOD is pulling back into a major area of confluence, aligning with the 100-week moving average and a critical resistance-turned-support zone. This technical region has historically served as a launchpad for bullish reversals and could offer a clean setup for traders watching the long side.We’re now nearing the $60–$65 range, which offers a solid risk-to-reward opportunity. If this level holds, it may provide a strong foundation for a bounce, with upside targets in sight.
📊 Trade Plan
Entry: $60 – $65
Take Profit: $80 and $100
Stop Loss: Weekly close below $50
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.