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$NIL (1h) - Short Rejection
Bias: Short
Entry (Zone): 0.0548 - 0.0556
Targets:
TP1: 0.0539
TP2: 0.0528
TP3: 0.0518
Stop Loss: 0.0571
Why this Setup:
I’m looking to fade the bounce into the recent breakdown area, since price is still trading below the prior swing highs and the recovery looks like a short-term retrace rather than a full reversal. I want to sell into strength and target the next support pockets if momentum rolls over again.