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$LIT (1h) - Resistance Rejection Short
Bias: Short
Entry (Zone): 1.33 - 1.37
Targets:
TP1: 1.28
TP2: 1.22
TP3: 1.15
Stop Loss: 1.41
Why this Setup:
I’m looking for a short here because price has pushed into a heavy resistance area after an extended run and the latest candles show momentum starting to stall. I want a rejection from this zone to confirm that buyers are losing strength before I target a pullback into the prior support levels.