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$COAI | 1h | Pullback Rejection Setup
Bias: Short
Entry Zone: 0.468 to 0.485
Stop Loss: 0.505
Targets:
TP1: 0.430
TP2: 0.400
TP3: 0.370
Invalidation:
Close above 0.505
Why This Setup:
I see a sharp pump into a blow-off top followed by a fast rejection, and price is now failing to fully reclaim the breakdown area. I want to fade this move while it stays below the recent swing high, with downside targeting the prior support levels below.
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