2025-12-27 21:34:16

$HOOD Weekly Gann Chart - Worth Watching

Spotted a solid convergence on the weekly chart: the initial bullish order block is aligning nicely with a horizontal resistance zone. This setup could turn into a solid support level if the price gets pushed down below the Bull Market Support Band (BMSB) we've been tracking.

The confluence here is interesting. You've got the order block creating that initial floor, and when combined with the horizontal structure, it gives us multiple reasons to watch this level. If we break down through the BMSB, the order block steps in as the next line of defense.

This kind of layered support structure is exactly what traders look for when planning their entries and stops. Keep an eye on how price reacts around these zones—could signal some strong reversal potential if tested.

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FantasyGuardian

· 9h ago

Hood, this wave of confluence is indeed quite interesting. Multiple layers of support stacking make it easy to attract bottom-fishing...

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DefiPlaybook

· 9h ago

According to on-chain data, the weekly convergence point of HOOD is indeed worth paying attention to, but the effectiveness of this multi-layer support structure often depends on the confirmation rate of trading volume—historical data shows that order blocks without volume support have a reversal success rate of only about 42%.

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digital_archaeologist

· 9h ago

This hood pattern looks pretty good, and the order block combined with horizontal support is indeed interesting... But whether it can really hold depends on the market sentiment.

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BtcDailyResearcher

· 9h ago

Hey, this order block combined with the horizontal structure is definitely worth watching... If it breaks the BMSB, that long position space will be interesting.

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