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$PLAY (1h) - Short Rejection
Bias: Short
Entry (Zone): 0.1005 - 0.1035
Targets:
TP1: 0.0978
TP2: 0.0950
TP3: 0.0915
Stop Loss: 0.1070
Why this Setup:
I see a sharp impulsive move into the 0.1060-0.1080 resistance area followed by clear rejection candles, so I’m looking for a fade back toward the recent breakout base. The setup favors a short continuation if price fails to reclaim the upper wick highs and loses the 0.1000 area.