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$SEI | 1h | Breakdown Rejection
Bias: Short
Entry Zone: 0.0552 to 0.0557
Stop Loss: 0.0572
Targets:
TP1: 0.0539
TP2: 0.0523
TP3: 0.0508
Invalidation:
Close above 0.0572
Why This Setup:
I’m seeing a bearish rejection after a sharp push into the 0.0585 to 0.0595 supply area, followed by a fast drop back below the local midpoint. I want continuation lower if price fails to reclaim 0.0560 and loses the recent intraday support.