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$B2 (1h) - Bearish Rejection
Bias: Short
Entry (Zone): 0.5850 - 0.6020
Targets:
TP1: 0.5600
TP2: 0.5380
TP3: 0.5100
Stop Loss: 0.6210
Why this Setup:
I see price pressing into a clear resistance area after a sharp recovery, and the move is starting to look stretched. I want to fade this zone if momentum stalls, since a rejection here could send price back toward the prior breakout levels and lower support.