$PLAY (1h) - Momentum Rejection Short


Bias: Short
Entry (Zone): 0.1210 - 0.1238
Targets:
TP1: 0.1168
TP2: 0.1122
TP3: 0.1055
Stop Loss: 0.1288
Why this Setup:
I see a sharp spike into resistance after a strong extended move, and I’m looking to fade the rally if price loses momentum under the recent highs. I want to short the rejection with downside continuation back into the prior support zones.
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