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$XMR (1h) - Rejection Short
Bias: Short
Entry (Zone): 397.00 - 400.50
Targets:
TP1: 392.00
TP2: 386.50
TP3: 380.00
Stop Loss: 404.50
Why this Setup:
I’m watching for a rejection after the move into overhead supply, since momentum is starting to fade near the recent highs. If price loses the 392 area, I expect a rotation back into the mid-range and a deeper pullback toward the prior support zone.