Hood primed to correctHood has had an amazing run so far. If you look back we have a previous 5 wave move on the weekly with a healthy correction. Despite BTC bullishness hood is primed for a correction here. There is a possibility that the 5th wave moves further. BBWP and stochastic momentum cannot stay this high forever. The stock remains very far from moving averages as well.
My plan:
I look for another entry around 37-38$ or at least a connection with the 21EMA