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$ALLO (1h) - Rejection Short
Bias: Short
Entry (Zone): 0.3930 - 0.3990
Targets:
TP1: 0.3840
TP2: 0.3760
TP3: 0.3680
Stop Loss: 0.4065
Why this Setup:
I see price pressing back into a clear resistance band after the rebound, but it is still struggling to hold higher levels. I want to short a failed push into that zone and look for a rotation back toward the prior lows where liquidity sits below.