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$BEAT (1H) - Bearish Breakdown Setup
Bias: Short
Entry (Zone): 1.86 - 1.95
Targets:
TP1: 1.72
TP2: 1.58
TP3: 1.42
Stop Loss: 2.08
Why this Setup:
I see the rally losing momentum after a strong downtrend and a weak consolidation around the 1.8 to 2.0 area. I want to sell any failed bounce into resistance and look for continuation lower if price keeps rejecting this range.