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$CLO (1h) - Resistance Rejection Short
Bias: Short
Entry (Zone): 0.2740 - 0.2870
Targets:
TP1: 0.2650
TP2: 0.2480
TP3: 0.2320
Stop Loss: 0.3030
Why this Setup:
I’m looking to short into this push after the sharp rebound, since price is stalling below the recent swing high and showing rejection from the 0.28 to 0.30 supply area. I want confirmation that momentum is fading before I expect a move back toward the prior consolidation and support levels.