Technical analysis by ProfittoPath about Symbol HOODX: Sell recommendation (7/2/2025)

🧠 📅 Timeframe: 30-Minute 💼 Type: Short Position 📉 Setup: Triangle breakdown + Resistance rejection 📍 Trade Details: Entry: $92.33 (bearish rejection candle at resistance + lower trendline break) Stop Loss: $95.33 (above local high & upper trendline) Target 1: $89.47 (previous support level) Target 2: $86.64 (mid-support zone) Target 3: $83.89 (key horizontal support) Extended Target: $81.66 (major support from breakout zone) 🔎 Technical Breakdown: Price formed a rising wedge/triangle and broke the lower trendline After rejecting $95+ zone, it failed to hold above yellow resistance line Bearish engulfing + retest of broken support confirms downside pressure Momentum fading after a strong uptrend – ideal for a reversal trade 🎯 Risk/Reward Outlook: RR Ratio: Favorable (min 2:1+ depending on targets) Good structure for tight risk and wide target zone