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$BEAT (1h) - Bearish Rejection
Bias: Short
Entry (Zone): 1.18 - 1.21
Targets:
TP1: 1.14
TP2: 1.09
TP3: 1.03
Stop Loss: 1.25
Why this Setup:
I’m looking for a short into this local resistance after the recent rally lost momentum. Price is stalling below the recent swing highs, so I want to fade a rejection and ride a move back toward the prior support zones.