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$IDOL | 1h | Breakdown Rejection
Bias: Short
Entry Zone: 0.0260 to 0.0265
Stop Loss: 0.0273
Targets:
TP1: 0.0250
TP2: 0.0238
TP3: 0.0225
Invalidation:
Close above 0.0273
Why This Setup:
I’m shorting into the overhead supply after a sharp rebound, where price is stalling near prior resistance and failing to build momentum above the recent high. The move lower would confirm a rejection of the breakout area and open room back toward the prior support zones.