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$XAN (1h) - Rejection Short
Bias: Short
Entry (Zone): 0.01125 - 0.01160
Targets:
TP1: 0.01055
TP2: 0.00995
TP3: 0.00920
Stop Loss: 0.01192
Why this Setup:
I’m looking for a short after the sharp impulsive push into fresh resistance, since price is now extended and likely to cool off if it fails to hold above the recent spike. I want a rejection from this upper zone with room for a retrace back into the prior consolidation and lower support levels.