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$BEAT facing strong rejection from the marked resistance zone after an overextended rally. Sellers are maintaining control with lower highs forming on the 1h timeframe.
Trade Setup: Short
Entry Zone: 1.17 - 1.24
TP1: 1.08
TP2: 0.96
TP3: 0.79
SL: 1.43
BEAT failed to sustain above the key supply zone around 1.30+, and momentum continues to weaken after the sharp rejection wick. As long as price stays below resistance, downside continuation remains likely.
#TradfiTradingChallenge