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$CLO (1h) - Range Rejection Short
Bias: Short
Entry (Zone): 0.2070 - 0.2140
Targets:
TP1: 0.1920
TP2: 0.1810
TP3: 0.1680
Stop Loss: 0.2245
Why this Setup:
I’m treating this as a rejection short after the recent push into overhead resistance near 0.21. Price has been choppy and is still failing to hold higher levels, so I want to fade strength back toward the prior support zones if momentum rolls over.