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$SPACE (1h) - Resistance Rejection Short
Bias: Short
Entry (Zone): 0.00745 - 0.00762
Targets:
TP1: 0.00720
TP2: 0.00685
TP3: 0.00635
Stop Loss: 0.00785
Why this Setup:
I’m looking for a short off the current recovery into nearby resistance after the sharp impulse and follow-through rejection. Price is still below the recent swing highs, so I want to fade strength and target a move back into the lower support area if momentum rolls over.