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$JCT (1h) - Short Rejection
Bias: Short
Entry (Zone): 0.00442 - 0.00450
Targets:
TP1: 0.00420
TP2: 0.00400
TP3: 0.00376
Stop Loss: 0.00466
Why this Setup:
I’m looking for a short continuation after the strong push into resistance, since price has already shown rejection from the recent highs. I want to sell into any failed retest of the 0.0044 area and ride a move back toward the prior breakout levels where liquidity is likely to sit.
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