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$PLAY (1h) - Resistance Rejection Short
Bias: Short
Entry (Zone): 0.1105 - 0.1145
Targets:
TP1: 0.1035
TP2: 0.0980
TP3: 0.0930
Stop Loss: 0.1168
Why this Setup:
I see price stalling after a strong rebound into overhead resistance, and the recent candles are showing fading momentum near the same supply area. I want to fade this move if it fails to extend higher, since a rejection here could rotate price back into the prior support zones below.