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$CLO (1h) - Short Rejection Setup
Bias: Short
Entry (Zone): 0.0815 - 0.0832
Targets:
TP1: 0.0782
TP2: 0.0740
TP3: 0.0692
Stop Loss: 0.0862
Why this Setup:
I’m looking for a short after the strong rally into resistance, since price is stalling below the recent spike high and momentum looks extended. I want to sell the rebound into this upper range and target the prior support shelves if the pullback continues.