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$GENIUS (1h) - Bearish Rejection Setup
Bias: Short
Entry (Zone): 0.62 - 0.66
Targets:
TP1: 0.60
TP2: 0.56
TP3: 0.52
Stop Loss: 0.69
Why this Setup:
I’m looking for a short after the sharp breakout failed to hold above the recent highs, with price now stalling under resistance. I want a rejection from the 0.62-0.66 area for continuation back into the prior consolidation, with momentum favoring a retrace if buyers can’t reclaim the breakout zone.