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$KAT (1h) - Momentum Rejection Short
Bias: Short
Entry (Zone): 0.0101 - 0.0103
Targets:
TP1: 0.0099
TP2: 0.0097
TP3: 0.0095
Stop Loss: 0.0105
Why this Setup:
I’m shorting the failed push into the recent resistance area because price is stretching after a strong intraday climb and the move is starting to lose momentum. I want a clean rejection from this zone for a continuation back toward the prior support levels.
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