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$PLAY (1h) - Bearish Retracement Short
Bias: Short
Entry (Zone): 0.0990 - 0.1010
Targets:
TP1: 0.0940
TP2: 0.0890
TP3: 0.0820
Stop Loss: 0.1048
Why this Setup:
I’m looking for a short on any failed bounce into the 0.10 area, since price has already rejected higher levels and is still trading below the recent local highs. I want to sell the retracement into resistance and ride the next move back toward the prior support zones.