Hood primed to correct

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Hood 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

Penafian

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