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$CHIP (1h) - Range Rejection Short
Bias: Short
Entry (Zone): 0.06720 - 0.06785
Targets:
TP1: 0.06580
TP2: 0.06440
TP3: 0.06290
Stop Loss: 0.06910
Why this Setup:
I’m treating this as a range rejection short while price stalls under the recent swing high. I want to fade strength into the 0.0672 area, with room for a push toward 0.0680 before continuation lower. If momentum fades here, I see a clean move back into the mid-range and then toward the prior lows.