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$ENA (1h) - Resistance Rejection Short
Bias: Short
Entry (Zone): 0.0935 - 0.0945
Targets:
TP1: 0.0910
TP2: 0.0890
TP3: 0.0868
Stop Loss: 0.0962
Why this Setup:
I’m looking for price to fail near the recent swing resistance after this recovery leg. If buyers can’t reclaim higher highs, I expect a rejection back into the mid-range and then a move toward the recent support pockets below.