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$VELVET | 1H | Range Rejection Short
Bias: Short
Entry Zone: 0.1208 to 0.1216
Stop Loss: 0.1232
Targets:
TP1: 0.1188
TP2: 0.1169
TP3: 0.1142
Invalidation:
Close above 0.1232
Why This Setup:
I’m fading the upper range after repeated rejections near 0.121–0.122, where buyers keep getting absorbed. If price loses the 0.1190 area, I expect a sweep back into the lower range before any stronger bounce.
#GateSquareMayTradingShare