HOOD Approaching Key Confluence Zone — Bounce Setup?

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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

Penafian

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