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$CHIP | 1h | Resistance Rejection
Bias: Short
Entry Zone: 0.0362 to 0.0368
Stop Loss: 0.0373
Targets:
TP1: 0.0352
TP2: 0.0344
TP3: 0.0333
Invalidation:
Close above 0.0373
Why This Setup:
I’m shorting into a sharp expansion candle after price ran straight into a prior supply zone. The move looks stretched, so I’m looking for a failed breakout or weak retest back into the 0.0362 to 0.0368 area for a pullback toward the recent support levels.
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