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$PIPPIN (1H) - Range Rejection Short
Bias: Short
Entry (Zone): 0.02345 - 0.02390
Targets:
TP1: 0.02235
TP2: 0.02155
TP3: 0.02060
Stop Loss: 0.02445
Why this Setup:
I see price stalling after a sharp impulsive move and now failing to reclaim the recent highs cleanly, so I’m treating this as a shortable range rejection. I want a breakdown from the current consolidation area, with room to fade back into the prior support zones if momentum keeps weakening.