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$ARC (1h) - Momentum Pullback Short
Bias: Short
Entry (Zone): 0.0780 - 0.0792
Targets:
TP1: 0.0742
TP2: 0.0710
TP3: 0.0665
Stop Loss: 0.0822
Why this Setup:
I’m looking to fade the recent vertical squeeze into resistance, since price is extended after a sharp breakout and is starting to show signs of exhaustion near the highs. I want a pullback short as long as price fails to reclaim the recent top with strength.
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