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$UAI (1h) - Short Rejection
Bias: Short
Entry (Zone): 0.3440 - 0.3525
Targets:
TP1: 0.3340
TP2: 0.3210
TP3: 0.3050
Stop Loss: 0.3615
Why this Setup:
I’m seeing price press into a reaction area near recent highs where upside momentum is starting to look stretched. The move has run into supply, and I want to fade the extension if rejection confirms with sellers stepping in. A failed push above this zone could rotate price back toward the prior support bands and the lower consolidation area.