$HOOD sitting at a clean pivot — $104.95 is the line. Below that, structure weakens and $100 becomes your next floor to watch. Above $104.95 on a daily close? You're back in bullish continuation mode.
This is simple support/resistance structure. The $104.95 level is acting as short-term decision point — lose it, you're defending $100. Reclaim it with conviction, and the setup flips bullish again.
Watch how price behaves around these zones. Clean daily closes matter more than intraday wicks. If you're holding, know your invalidation. If you're watching for entry, wait for the reclaim and confirm momentum before stepping in.
This is simple support/resistance structure. The $104.95 level is acting as short-term decision point — lose it, you're defending $100. Reclaim it with conviction, and the setup flips bullish again.
Watch how price behaves around these zones. Clean daily closes matter more than intraday wicks. If you're holding, know your invalidation. If you're watching for entry, wait for the reclaim and confirm momentum before stepping in.