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$HOOD Rejection From Resistance Setup 📉
Trade Setup: Short
Entry Zone: 105.20 – 105.90
TP1: 104.00
TP2: 101.60
TP3: 99.10
SL: 106.70
$HOOD surged almost vertically into the 105.96 resistance area, pushing RSI above 94 and leaving price heavily extended from its EMA structure.
Failure to break and hold above 105.96 could trigger a sharp momentum reset toward the breakout supports. A clean move above 106.70 invalidates the short setup.
Trade Here On $HOOD 👇