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$BEAT (1H) - Bearish Rejection Setup
Bias: Short
Entry (Zone): 1.22 - 1.29
Targets:
TP1: 1.18
TP2: 1.10
TP3: 1.02
Stop Loss: 1.38
Why this Setup:
I’m seeing price push into a heavy resistance area after a sharp run-up, and the move is starting to look stretched. I want to fade the first rejection from this supply zone, with downside extension back toward the prior breakout areas if momentum keeps cooling.