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$LIT (1h) - Bearish Rejection Short
Bias: Short
Entry (Zone): 1.108 - 1.122
Targets:
TP1: 1.082
TP2: 1.055
TP3: 1.028
Stop Loss: 1.146
Why this Setup:
I’m looking for a short here because price has kept making lower highs and the recent bounce is stalling under a key intraday resistance area. I want rejection in this zone to catch continuation back into the current downtrend, with a clean risk level above the local swing high.