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$PLAY (1h) - Bearish Rejection Short
Bias: Short
Entry (Zone): 0.1275 - 0.1345
Targets:
TP1: 0.1210
TP2: 0.1140
TP3: 0.1075
Stop Loss: 0.1378
Why this Setup:
I see price failing to hold above the recent breakout area and getting rejected from the 0.13 zone. I want to short a retest into resistance, looking for a move back toward the prior support levels if momentum stays weak.