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$XAN (1h) - Bearish Rejection
Bias: Short
Entry (Zone): 0.0110 - 0.0112
Targets:
TP1: 0.0106
TP2: 0.0103
TP3: 0.0099
Stop Loss: 0.0116
Why this Setup:
I’m looking for a short after the strong impulse into resistance, since price has already stretched above the breakout area and is showing signs of rejection. I want to fade the move back into the prior range if momentum cools off, with the stop above the recent spike high.