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$BASED (1h) - Range Rejection Short
Bias: Short
Entry (Zone): 0.07820 - 0.07885
Targets:
TP1: 0.07695
TP2: 0.07560
TP3: 0.07390
Stop Loss: 0.08015
Why this Setup:
I see price stalling under the recent local high after a sharp rebound, and I want to fade the move while it remains below resistance. I’m treating this as a range rejection with enough room back toward the mid-range and prior swing support if buyers fail to follow through.