HOOD — In Key Macro Resistance Zone

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Price has reached a major resistance zone, with the 110 level marking an ideal spot where downside pressure may begin to dominate and a mid-term top could start forming. Macro support for the macro-uptrend structure is at the 80–65 area.

Hedging near current levels may be prudent - especially ahead of earnings and while volatility remains relatively cheap.

Weekly view
istantanea

Daily view: istantanea


Thank you for your attention and I wish you successful trading decisions!

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