Watching $HOOD here. Let me walk you through the structure.
Support sits at $100, then $96 if that breaks. These aren't arbitrary — they're where demand has shown up before and where the chart structure says buyers should defend.
Confirmation? A daily close above $105. That's your structural breakout. Below $105, you're still inside the range. Above it, you've cleared resistance and flipped it to support.
So the read is simple: $100 holds, look for the push to $105. Daily close above $105 confirms the move. If $100 fails, $96 is next. That's your invalidation zone.
Clean levels. Clear structure. Trade the confirmation, not the hope.
Support sits at $100, then $96 if that breaks. These aren't arbitrary — they're where demand has shown up before and where the chart structure says buyers should defend.
Confirmation? A daily close above $105. That's your structural breakout. Below $105, you're still inside the range. Above it, you've cleared resistance and flipped it to support.
So the read is simple: $100 holds, look for the push to $105. Daily close above $105 confirms the move. If $100 fails, $96 is next. That's your invalidation zone.
Clean levels. Clear structure. Trade the confirmation, not the hope.