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$RAVE (1h) - Short Rejection
Bias: Short
Entry (Zone): 0.5860 - 0.5900
Targets:
TP1: 0.5780
TP2: 0.5680
TP3: 0.5550
Stop Loss: 0.6010
Why this Setup:
I’m looking for a rejection from the current resistance area after the recent push and failed follow-through. I want price to stay below 0.5900 and roll back into the prior support zones, with 0.6010 acting as the invalidation if momentum breaks higher.