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$BEL (1h) - Bearish Pullback Rejection
Bias: Short
Entry (Zone): 0.1720 - 0.1760
Targets:
TP1: 0.1660
TP2: 0.1600
TP3: 0.1520
Stop Loss: 0.1835
Why this Setup:
I see a sharp rejection from the recent swing high and the price is now failing to reclaim the 0.175 area cleanly. I want to short into this weak bounce, aiming for a move back toward the prior support zones if sellers keep pressure on the trend.