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$CHZ (1h) - Bearish Rejection Setup
Bias: Short
Entry (Zone): 0.0198 - 0.0201
Targets:
TP1: 0.0192
TP2: 0.0186
TP3: 0.0179
Stop Loss: 0.0209
Why this Setup:
I see price recovering into a nearby resistance area after a clear downtrend, and I want to fade this move if it stalls here. I’m looking for a rejection from the current supply zone since the broader structure still favors sellers, with support levels below acting as realistic downside targets.