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$VELVET (1h) - Rejection Short
Bias: Short
Entry (Zone): 0.760 - 0.790
Targets:
TP1: 0.710
TP2: 0.650
TP3: 0.590
Stop Loss: 0.905
Why this Setup:
I’m seeing price stretch into a clear resistance area after a sharp impulsive rally, and I want to fade the move if momentum starts to stall. I’m looking for a rejection from this zone for a pullback toward the nearest liquidity pockets below.