$HOOD losing steam near local highs — bounce is starting to fade.
Momentum is cooling after a sharp rebound, and sellers are pressing back into price.
Entry: 83.8 – 85.0 🟥
SL: 88.2 🛑
TP1: 81.5 🎯
TP2: 79.0 🎯
TP3: 76.0 🎯
Why this setup
• Sharp rebound followed by stalling = classic distribution zone
• Buyers failing to extend highs, momentum divergence building
• Supply stepping in near local resistance
• Risk clearly defined above 88.2
As long as price is capped below 85, downside remains favored.
A clean break under 81.5 opens the door for continuation toward lower liquidity.
This is a fade of strength, not chasing weakness.
Not financial advice. Manage risk.
#HOOD #ShortSetup #FOMO