HOOD is breaking out of its market structure, and the tide is turning in favor of the bulls. This setup has all the makings of a significant move, with multiple signals firing in unison.
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🟢 HOOD LONG 📈
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📍 Entry Range: $82.2876 – $82.4524
🛑 Stop Loss: $79.8989 (-3.0%)
🎯 TP1: $83.6055 (+1.5%)
🏆 TP2: $86.4885 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 91%
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The combination of a market structure break, volume confirming direction, and a fair value gap is a potent one, especially with an order block and liquidity sweep adding fuel to the fire. The fact that our points of interest are converging around the same area only adds to the conviction, making this a compelling long opportunity. The chart is essentially telling us that HOOD is ready to make a run for it.
With a 3.0% stop loss in place, this trade has a relatively tight leash, which should pair well with modest leverage to maximize returns while keeping risk in check.
Once we hit our first target, it might be wise to take some profit off the table, as this will not only lock in some gains but also free up capital to pursue other opportunities.
Not financial advice — always manage your own risk 🙏
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