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$MEGA (1h) - Bearish Pullback Rejection
Bias: Short
Entry (Zone): 0.0568 - 0.0582
Targets:
TP1: 0.0550
TP2: 0.0538
TP3: 0.0520
Stop Loss: 0.0601
Why this Setup:
I’m looking for a rejection from the recent recovery area after the sharp drop, since price is still making lower highs on the 1h chart. I want to short into strength and ride a continuation move back toward the prior support zone.