🎯 HOOD/USDT Short Setup: High RSI Alert! 📉
"Taking a short position on $HOOD today as the technical indicators are showing an extremely overbought condition. 📊
Why I'm Bearish on HOOD:
• RSI Overload: The RSI (6) hit a massive 93.29, suggesting a strong reversal is coming soon.
• Resistance Zone: Price is struggling to hold above the $71.50 level.
• Order Flow: Watching the order book closely for any sudden volume drops.
My Strategy:
• Entry: $71.25
• Target (TP): $68.50 (Potential +38% ROI)
• Stop Loss (SL): $72.60 (Strict risk management)
Crypto trading is all about discipline and patience. Let's see how this plays out! 🚀💰
What do you think about HOOD? Let me know in the comments! 👇